๐ PENGU/USDT Market Update: Key Levels & Entry Strategy ๐น
The PENGU/USDT pair is showing signs of life after hitting its 24h low of 0.020674 USDT, with buyers stepping in at this crucial support level. However, the overall trend remains bearish, as the price is trading below the 99-period moving average (MA) at 0.023987, which acts as a strong resistance zone.
๐ Key Levels to Watch:
Support: 0.020674 USDT (buyers are defending this level aggressively).
Resistance: 0.023987 USDT (if broken, could signal a stronger recovery).
๐ Entry Strategy:
Bullish Play: If the price breaks above 0.0218 USDT, expect a potential rally toward the 0.0230 region.
Risk Management: Place a stop loss below 0.0205 USDT to manage downside risks.
With the short-term moving averages crossing, a rebound might be brewing. Stay sharp and trade smart โ this could be an exciting opportunity! ๐ฐ