$PENGU /USDT Scalping Opportunity
1. Entry Zone: $0.04000 - $0.04020
2. Stop Loss (SL): $0.03960 (below key support)
3. Take Profit 1 (TP1): $0.04060
4. Take Profit 2 (TP2): $0.04100
Analysis:
A strong breakout in the 1-minute chart signals bullish momentum.
Price consolidates near $0.04000, acting as a critical support level.
Quick scalping opportunity with tight risk management.
Risk Management:
Trade small; high volatility on lower timeframes.
Adjust SL to entry if TP1 hits to minimize risk.
Outlook:
Short-term breakout is likely to target $0.04100. Maintain strict SL to avoid sharp retracements common in fast-moving pairs.