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Yi Xi Bullish
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Bullish
technical analysis for $PENGU /USDT based on the provided data:🔥🔥🔥🚀🚀🚀🚀
Price Overview:
Current Price: $0.051194
24h High: $0.070000
24h Low: $0.003375
Price Change: +1416.86% in the last 24 hours, indicating significant price action.
Support and Resistance Levels:
Support Levels:
Support 1: $0.003375 (24h Low) — A crucial level, as this has been the lowest price recently.
Support 2: $0.020000 — A secondary level where the price may stabilize if it faces a pullback.
Resistance Levels:
Resistance 1: $0.070000 (24h High) — The recent peak, marking a strong resistance zone.
Resistance 2: $0.080000 — A potential target if the momentum remains bullish.
Key Indicators:
Money Flow: High positive money flow indicates strong buying interest, with a surge of +1416.86% in 24 hours.
Depth: Market depth is 43.1776%, which is a good indicator of liquidity, but there’s a noticeable imbalance towards Binance with a 52.2% negative depth, indicating selling pressure at higher levels.
Trade Momentum: The price movement suggests a strong bullish momentum, but given the volatility, caution is advised.
Trade Signal and Strategy:
Entry Point: $0.051500 - $0.053000 (Near current price with confirmation of upward momentum)
Take-Profit Targets:
Target 1: $0.070000 (First resistance level)
Target 2: $0.080000 (Further resistance if bullish trend continues)
Target 3: $0.100000 (Potential breakout target if the market remains bullish)
Stop-Loss: $0.030000 (Just below Support 2, to limit potential losses in case of a price drop)
Momentum Outlook:
Bullish Momentum: Given the strong increase in price and trading volume, the bullish momentum is currently dominant.
Watch for Retracements: If the price faces any retracement towards the support levels, consider this an opportunity for re-entry at lower levels.
#PENGUOpening #USUALSpotLaunch
Price Overview:
Current Price: $0.051194
24h High: $0.070000
24h Low: $0.003375
Price Change: +1416.86% in the last 24 hours, indicating significant price action.
Support and Resistance Levels:
Support Levels:
Support 1: $0.003375 (24h Low) — A crucial level, as this has been the lowest price recently.
Support 2: $0.020000 — A secondary level where the price may stabilize if it faces a pullback.
Resistance Levels:
Resistance 1: $0.070000 (24h High) — The recent peak, marking a strong resistance zone.
Resistance 2: $0.080000 — A potential target if the momentum remains bullish.
Key Indicators:
Money Flow: High positive money flow indicates strong buying interest, with a surge of +1416.86% in 24 hours.
Depth: Market depth is 43.1776%, which is a good indicator of liquidity, but there’s a noticeable imbalance towards Binance with a 52.2% negative depth, indicating selling pressure at higher levels.
Trade Momentum: The price movement suggests a strong bullish momentum, but given the volatility, caution is advised.
Trade Signal and Strategy:
Entry Point: $0.051500 - $0.053000 (Near current price with confirmation of upward momentum)
Take-Profit Targets:
Target 1: $0.070000 (First resistance level)
Target 2: $0.080000 (Further resistance if bullish trend continues)
Target 3: $0.100000 (Potential breakout target if the market remains bullish)
Stop-Loss: $0.030000 (Just below Support 2, to limit potential losses in case of a price drop)
Momentum Outlook:
Bullish Momentum: Given the strong increase in price and trading volume, the bullish momentum is currently dominant.
Watch for Retracements: If the price faces any retracement towards the support levels, consider this an opportunity for re-entry at lower levels.
#PENGUOpening #USUALSpotLaunch
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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