$PENGU Here's a detailed analysis and strategy for based on the given liquidation at $0.0351.

Current Market Scenario.

Short Liquidation.

A $2.4952K short liquidation indicates buyers pushed the price above $0.0351, forcing short sellers to close positions.

Market Sentiment.

This is bullish as shorts were squeezed out. Traders may anticipate further upward momentum if buying pressure continues.

Suggested Trading Plan.

Buy Zone.

Entry Price.

$0.0335 - $0.0350

Why. This range is near the liquidation zone, offering a good retracement area for entry.

Targets. Take Profit Levels.

1. Target 1: $0.0380

A short term target for quick gains.

2. Target 2: $0.0415

A medium term level where price may face resistance.

3. Target 3: $0.0450

Long-term bullish target if momentum remains strong.

Stop Loss.

Stop Price.

$0.0325

Why. If the price falls below $0.0325, it may indicate weakness, and further downside is likely.

Key Observations.

Volume.

Monitor trading volume. High volume above $0.0351 confirms bullish momentum.

Support.

$0.0330 acts as strong support if it breaks, re evaluate.

Resistance.

$0.0385 - $0.0390 zone could cause short term price rejections.

Risk Management.

Only invest a portion of your capital (e.g., 2%-5%) to minimize potential losses.

Adjust your stop loss and targets based on market movements.

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