🚀 $PENGU /USDT: TESTING KEY RESISTANCE – BREAKOUT OR PULLBACK? ⚡
The $PENGU/USDT pair is currently trading at 0.045637, approaching crucial resistance levels. Traders should keep an eye on potential breakout or retracement scenarios.
📊 Trade Scenarios:
Entry Point: 0.045637
Take Profit (TP 1): 0.047500
Take Profit (TP 2): 0.050000
Take Profit (TP 3): 0.052000
Stop Loss (SL): 0.043500
Support is at 0.043500, while resistance is at 0.047500. A breakout above 0.047500 could trigger bullish momentum, targeting 0.050000 and 0.052000. On the downside, a drop below 0.043500 could lead to a bearish retracement.
📉 Market Outlook:
PENGU is currently holding above 0.043500 support, with potential for a bullish move towards 0.047500 resistance. A breakout above this level would confirm continued upward momentum, while failure to hold support could lead to a pullback and test lower levels.
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