$PENGU : Short Liquidation Sparks Momentum! 🟢
📊 $8.422K in shorts liquidated at $0.04455, indicating strong bullish activity in the market. This could open the door for a significant upward movement in PENGU. Let’s plan the next steps!
Key Levels to Watch
Support Zone: $0.04350 - $0.04450 (must hold for bullish continuation).
Resistance Zone: $0.04600 - $0.04750 (breakout area).
Potential Targets After Breakout:
1. $0.05000 (short-term).
2. $0.05500 (medium-term).
3. $0.06500 (long-term).
Trading Plan for $PENGU
Buy Zone
Dip Entry: $0.04350 - $0.04450 (if price retests support).
Breakout Entry: Add positions above $0.04600 after a confirmed breakout.
Targets
1. Target 1: $0.05000
2. Target 2: $0.05500
3. Target 3: $0.06500
Stop Loss
Stop Loss Level: $0.04300 (below support to limit risk).
What’s Next?
1. Bullish Scenario:
If PENGU holds above $0.04450 and breaks $0.04600, expect a rally toward $0.05000 and beyond.
2. Bearish Scenario:
A drop below $0.04300 could lead to further downside—avoid buying in this case.
💡 Tips:
Confirm Volume: Look for strong buying volume during the breakout above $0.04600.
Risk Management: Stick to your stop loss and trade sizes to protect your capital.
$PENGU is gaining strength—Stay ready for the next big opportunity! 🎯
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