š§ PENGU/USDT ā Ascending Triangle Breakout Setup! š
#pengu #Penguššš #PENGUUSDT #AscendEX #BinanceSquareFamily $PENGU š Current Price : $0.01065
š Market Overview :
Ascending Triangle formation spotted on the 1H timeframe.
A bullish breakout could lead to strong upside potential.
Key Breakout Level : $0.01123 ā A confirmed close above this level may signal further gains.
Watching Volume : A breakout must be backed by rising volume to confirm strength.
š Key Technical Levels to Watch!
šŗ Resistance Levels :
$0.01123 (First Resistance ā Breakout Level)
$0.01233 (Next Target if Breakout Holds)
š» Support Levels :
$0.01065 (Current Level ā Holding Above Support)
$0.01019 (Major Support ā Triangle Breakdown Zone)
š Trade Setup & Strategy!
ā
Bullish Breakout Setup
š Entry : Break and close above $0.01123
šÆ Targets :
$0.01233 (Breakout Target)
Further upside if momentum sustains
š Stop-Loss : Below $0.01064 (Invalidation Zone)
ā Risk Management (Invalidation Plan)
If $0.01123 fails to break, close the position to avoid a fakeout.
A breakdown below $0.01019 may lead to further downside.
ā” Conclusion & Investor Advice!
š¹ A confirmed breakout above $0.01123 could push PENGU/USDT towards $0.01233.
š¹ Volume is key ā wait for confirmation before entering long.
š¹ Failure to break $0.01123 could result in a pullback towards support at $0.01019.
š” Pro-Tip for Traders!
š Wait for Breakout Confirmation: Look for a 1H candle close above resistance with high volume.
š¢ Manage Risk : Always set stop-losses to protect capital from potential fakeouts.
š Monitor Price Action : If momentum slows near resistance, consider partial profit-taking!
š Stay sharp and trade wisely! š§š„