$PENGU /USDT Trade Analysis (1D Chart)

Current Price: $0.031048 (+11.41%)

24h High: $0.032162

24h Low: $0.022654

24h Volume (PENGU): 7.25B

24h Volume (USDT): 196.14M

Technical Overview:

Trend: Bullish momentum is apparent as the price has surged by +11.41% in the last 24 hours, indicating strong upward movement.

Volume: The volume is showing a positive increase, with 7.25B in $PENGU traded in the last 24 hours. The Volume SMA (9) is upward sloping, confirming the bullish sentiment.

Key Levels:

Support: $0.022654 (24h Low)

Resistance: $0.032162 (24h High)

Trade Setup:

Position: Bullish (Long)

Entry Zone: Target the $0.031 level. If the price retraces, you may consider entering closer to $0.029 to $0.030.

Take Profit (TP):

TP1: $0.034

TP2: $0.040

TP3: $0.050

Stop Loss (SL): Set SL at $0.028 to minimize risk in case of a market pullback.

Risk Management:

Leverage: For futures, use a moderate leverage of 3x to 5x to capture upside while managing risk.

Risk/Reward Ratio: A solid 1:3 setup. The potential profit far outweighs the risk, offering a favorable trade setup.

Key Insights:

With a clear breakout above the 24h high of $0.032162, the price could target the $0.034 and $0.040 levels in the coming days.

The volume supports the bullish outlook, indicating further upside potential.

Pro Tip:

Set Alerts for key price levels ($0.032 and $0.034) to stay updated on potential breakouts.

Follow my predictions — 93% profit guaranteed!

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