Key Levels: - Current Price: $0.038181 - Resistance Levels: - $0.038181 (current resistance) - $0.047326 (next major resistance) - Support Levels: - $0.036785 (immediate support) - $0.033148 (strong support)
Trade Setup: Long Entry: - Entry Point: $0.038181 - Take Profit (TP): $0.047326 - Stop Loss (SL): $0.036785
Risk Management: - Risk/Reward Ratio: 1:4 - Position Size: Ensure no more than 2% of your trading capital is at risk.
Summary: We are looking for a long trade on $PENGU/USDT due to a bullish breakout above the immediate resistance level of $0.038181. The next target is set at $0.047326, with a stop loss placed at $0.036785 to manage risk effectively. This setup offers a favorable risk/reward ratio, making it an attractive opportunity for traders. 📈💹