$PENGU
š PENGU/USDT Technical Analysis - Breakout or Breakdown? š
PENGU is currently trading at $0.037215, with the price testing key levels that could determine its next major move.
š¹ Support Level: Immediate support lies at $0.036500. A strong defense here could trigger a bounce, while a breakdown might push the price toward the next key support at $0.034800.
š¹ Resistance Zone: On the upside, resistance is forming near $0.038500ā$0.039200. A breakout above this zone could ignite bullish momentum, with the next target at $0.041000.
š Entry Strategy:
For Bulls: Watch for a bounce from support or a confirmed breakout above $0.038500 to enter long positions. Targets lie at $0.041000 and beyond.
For Bears: Look for rejection near resistance or a breakdown below $0.036500 to target lower levels like $0.034800.
ā ļø Key Takeaway: PENGU is trading near a decision zone. Bulls need a breakout to regain control, while bears are eyeing a move below support for further downside.
Trade smart, watch the levels, and follow the momentum! š
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