🚀 $PENGU /USDT: TESTING KEY LEVELS – BREAKOUT OR RETRACEMENT? ⚡
The $PENGU/USDT pair is currently trading at 0.041746, consolidating near crucial support and resistance zones. Traders should keep an eye out for potential breakout opportunities or pullbacks.
📊 Trade Scenarios:
Entry Point: 0.041746
Take Profit (TP 1): 0.043000
Take Profit (TP 2): 0.045000
Take Profit (TP 3): 0.047000
Stop Loss (SL): 0.040000
Support is found at 0.040000, while resistance is at 0.043000. A breakout above 0.043000 could lead to further upside, targeting 0.045000 and 0.047000. Conversely, a drop below 0.040000 may indicate a bearish pullback.
📉 Market Outlook:
PENGU is holding above 0.040000 support, suggesting potential bullish momentum if it clears 0.043000 resistance. A breakout above this level may confirm further gains, while failure to hold support could trigger a retracement.
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