$PENGU Trading Signal - Range Consolidation?
Current Price: $0.033118
Trend: Sideways consolidation with attempts to break key resistance levels.
Trade Setup:
Entry Range: $0.03280 - $0.03330
Target Levels:
Target 1: $0.03400
Target 2: $0.03500
Stop Loss: $0.03180
Market Observation:
$PENGU has been trading within a narrow range, with minor pullbacks and resistance near $0.03400. A breakout from this range could indicate the start of a new upward trend. Volume remains steady, signaling potential accumulation by buyers at lower levels.
Traders should watch for a breakout above the $0.03400 resistance to confirm bullish momentum, with immediate targets set at $0.03500. A stop-loss below recent support is advised to manage risks effectively.
Disclaimer: This is not financial advice. Always conduct your own research and trade responsibly.
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