$PENGU The recent long liquidation of $19.183K at $0.0346523 indicates that many traders were over-leveraged, and the price hit stop-loss levels, causing them to exit positions. This could lead to a potential reversal or continuation of the downtrend, depending on market sentiment and buying pressure.

Key Levels for $PENGU.

Here is a detailed technical analysis for your next steps.

1. Buy Zone (Entry Point).

Safe Buy Zone: $0.0325 - $0.0338

(Look for strong support around these levels before entering a position.)

Monitor the volume; increasing buy volume could signal a potential rebound.

Wait for confirmation, like a bullish candlestick or RSI oversold conditions.

2. Target Levels (Take Profit).

Target 1: $0.0352 (Immediate resistance).

Target 2: $0.0368 (Mid-level resistance, potential profit zone).

Target 3: $0.0385 (Strong resistance, aligns with previous highs)

3. Stop-Loss Levels.

Place a stop-loss at $0.0318 to limit downside risks.

This level ensures protection against further drops while allowing some price fluctuation.

What Next.

1. If the Price Rebounds from $0.0346 or Below.

A quick rally toward $0.0352 (Target 1) could occur, as liquidations often lead to market corrections.

A breakout above $0.0352 might signal a stronger uptrend, pushing toward Target 2 or 3.

2. If the Price Breaks Below $0.0325.

Be cautious; this would suggest weaker support and possible continuation of the downtrend.

Next strong support is at $0.0300. Reevaluate before taking any position.

3. Market Sentiment.

Keep an eye on Bitcoin or major altcoin movements; they often influence smaller tokens like $PENGU.

Track social media buzz and whale activity to gauge potential spikes or dumps.

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