$PENGU /USDT Trading Update: Downtrend Reversal on the Horizon?
📉 Current Price: $0.030338 (-10.26%)
🕒 Timeframe: 15m Chart
Key Levels to Watch:
Support: $0.030135
Resistance: $0.032000
The market is showing signs of overselling pressure, potentially leading to a reversal. Traders should monitor the $0.030000 support zone closely for a bounce opportunity.
Suggested Trade Setup:
Entry Zone (Long): $0.030150–$0.030400
Take Profit Targets:
Target 1: $0.031500
Target 2: $0.032000
Stop Loss: Below $0.029800
💡 Observation: If volume increases at these levels, it could signal a stronger recovery. Stay cautious and adjust stop-loss levels to secure profits.
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