$PENGU Here is an analysis for based on the provided details and current market context.

Recent Event.

Long Liquidation.

$4,943.2 occurred at $0.03486.

This indicates that buyers holding positions at this level faced liquidation due to the price drop, showing significant selling pressure in this zone.

Market Sentiment and Analysis.

Price Action.

After a liquidation event, the market often experiences high volatility. Sellers might continue to push prices lower, but buyers could look for a strong support zone to re enter.

Support Levels.

$PENGU might find support near lower levels where demand typically increases.

Resistance Levels.

Previous liquidation levels $0.03486 could now act as resistance.

Trading Strategy for $PENGU.

Buy Zone.

$0.03200 to $0.03300

This range is likely to attract buyers due to strong historical support and lower risk.

Targets.

1. Target 1: $0.03550

Initial resistance and a short term profit taking zone.

2. Target 2: $0.03700

A medium term level where sellers might return.

Stop Loss.

Place your stop loss slightly below the buy zone at $0.03150 to minimize risk.

Risk Management Tips.

1. Avoid over leveraging during high volatility.

2. Use a small position size to manage risk effectively.

3. Monitor updates from the market to adjust your strategy.

If you need further clarifications or updates based on real time market conditions, let me know.

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