$PENGU/USDT: Technical Analysis & Trade Signal
Current Price: $0.037353 (+3.37%)
Market Sentiment: Bullish Momentum
Trade Setup
Entry Zone: $0.0371–$0.0375
Wait for consolidation or a minor pullback before entering.
Targets:
1️⃣ Target 1: $0.0390 (+4.4%)
2️⃣ Target 2: $0.0415 (+11.1%)
3️⃣ Target 3: $0.0450 (+20.5%)
🔻 Stop Loss: $0.0345 (-7.5%)
Place the stop loss below recent support for effective risk management.
Technical Indicators
EMA (Exponential Moving Average): Price is trading above the 50 EMA, signaling strong upward momentum.
RSI (Relative Strength Index): Currently at 62, suggesting room for further growth before hitting overbought levels.
MACD: Positive crossover confirms bullish momentum.
Key Levels to Watch
Resistance: $0.0380, $0.0410
Support: $0.0350, $0.0340
Trade Momentum
Short-Term Trend: Bullish
Mid-Term Outlook: Bullish Continuation
Risk Level: Moderate – Ensure proper risk management.
Strategy Tip:
Monitor for high-volume breakouts above $0.0380 to confirm bullish continuation. Consider partial profit-taking at each target level to lock in gains while minimizing risk.
✅ New traders, join me for daily updates and more trading advice!
