šØ $PENGU ALERT: SHARP MOVES IMMINENT! šØ
PENGU is currently trading at $0.02812, bouncing slightly after testing a 24-hour low of $0.026656. Despite a steep downtrend, the price is attempting to stabilize, and momentum could be building for the next significant move.
Trade Setup:
Long Entry: If PENGU holds above $0.02812, the next targets are $0.0304 and $0.0355. Breakout confirmation above $0.0304 will be key.
Short Entry: A rejection from current levels could send prices back toward $0.0279 and further down to $0.02582.
Market Insight:
The 7-period MA (yellow line) at $0.027925 is acting as support, while the 25-period MA (purple line) at $0.0304 remains a key resistance. A decisive move above this resistance could indicate a trend reversal. Watch for volume spikes to confirm momentum.
