$PENGU 4H Analysis
Current Market Situation:
The price is attempting a recovery after hitting a low of 0.0228.
It's now trading around 0.0301, showing signs of consolidation.
Entry Point:
Enter above 0.031 if the price breaks this level with strong momentum and volume. This would confirm a bullish continuation.
Target Levels:
First Target: 0.035
Second Target: 0.039
Stop Loss:
Place a stop loss below 0.028 to minimize risk in case the price
reverses.
Exit Strategy:
Exit partially at the first target and fully at the second target if
momentum slows down.
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