$PENGU /USDT Trading Signal – Breakout in Progress?
Current Price: $0.041297 (+15.81%)
24h Range: $0.035580 - $0.041642
24h Volume: 3.07B PENGU
Observation:
A strong bullish breakout is visible as $PENGU/USDT smashes through resistance levels, with increasing volume confirming the move. This rally could signal further upside momentum, but watch for potential consolidation.
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Trading Plan (1H Timeframe):
Long Entry: $0.040500 - $0.041200
Targets:
T1: $0.042500
T2: $0.045000
T3: $0.047500
Stop Loss: $0.039000 (below breakout zone)
Analysis:
The MACD shows bullish momentum, while the next resistance lies near $0.045000. Use caution near psychological levels and manage risks carefully.
Strategy Advice: Secure partial profits as targets are hit, and adjust stop-loss levels to minimize risks. The long-term outlook remains positive if price holds above $0.039500.
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