$PENGU

/USDT Technical Analysis and Trade Signals

Current Price: $0.03959

Momentum: Bullish (Up +1073.04% in 24h with high trading volume).

Key Indicators:

1. Moving Averages (MA):

Short-term MA suggests strong upward momentum.

Watch for retracement near support at $0.035.

2. Relative Strength Index (RSI):

Likely overbought; potential cooling period before next move.

3. Volume:

High volume (5.41B PENGU), indicating strong market interest.

Trade Signals:

Entry Zone: $0.038–$0.040 (on pullbacks).

Targets:

1. 🎯 Target 1: $0.050 (near short-term resistance).

2. 🎯 Target 2: $0.065 (mid-level resistance).

3. 🎯 Target 3: $0.085 (potential breakout zone).

Stop-Loss:

Place at $0.030 to minimize downside risk.

Momentum Strategy:

Short-Term Traders: Watch RSI and volume for potential scalping opportunities.

Swing Traders: Hold if price consolidates above $0.035 to aim for higher targets.

Let me know if you'd like more detailed strategies or updates!

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