Strong technical analysis of the new $PENGU coin with a strong rise of 1500% seconds after its introduction to the market
Technical analysis of Pudgy Penguins
1. Support and resistance levels:
First support: $0.048
First resistance: $0.055
2. Volume and liquidity:
Monitor trading volumes to see the flow of liquidity towards the coin. Increased volume indicates investor interest.
3. Technical indicators:
Relative Strength Index (RSI): Measures momentum; if it is above 70 it is considered in the overbought zone.
Moving averages: Monitor the averages on 50 and 100 hourly periods to determine the direction.
4. Short-term expectations:
If liquidity continues to rise and the price breaks the first resistance, we may see an upward move towards $0.060.
In the event of a decline, support will be tested at $0.048.
It is advisable to follow the market carefully especially in the first hours after listing.
Buy from $50 to $100 and do not forget to open the account for only 5 hours then sell before you lose your money
