A Potential Breakout 馃挴 $PENGU

/USDT Technical Analysis & Trade Strategy馃挜馃挴

Current Price: 0.027148

24h High: 0.027739

24h Low: 0.025185

24h Volume (PENGU): 2.41B

24h Volume (USDT): 63.50M

馃殌 Bullish Setup:

Entry: Buy between 0.0260 - 0.0270 (support zone).

Targets 馃幆:

1. 0.027500 (initial resistance)

2. 0.028000 (breakout level)

3. 0.028500 (24h high retest)

Stop-Loss: Below 0.0250 (24h low).

Risk/Reward: 2:1

馃攧 Range Play:

Entry: Accumulate between 0.0255 - 0.0270.

Targets: Take profits at 0.027500 - 0.028000.

Stop-Loss: Below 0.0250.

馃搲 Bearish Setup:

Entry: Short below 0.0250.

Targets 馃幆:

1. 0.0240 (support zone)

2. 0.0220 (next key level)

3. 0.0200 (psychological level)

Stop-Loss: Above 0.0270 (resistance zone).

Risk/Reward: 3:1

Trend:

PENGU is currently holding steady near support levels. A potential breakout above 0.027500 could drive prices higher, while a breakdown below 0.0250 could lead to further bearish action. Volume is a crucial factor in confirming the trend.

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