$PENGU /USDT Trading Signal - Consolidation Phase

Current Price: $0.033036 (+2.35%)

Key Metrics:

24H High: $0.035828

24H Low: $0.032145

Market Overview:

PENGU is displaying a sideways movement within a consolidation range. The slight uptick indicates buyers are stepping in near the lower boundary, but the rejection from $0.035828 shows resistance still holds.

Key Levels:

Resistance: $0.034500 | $0.035800

Support: $0.032000 | $0.031000

Analysis:

The market structure suggests PENGU is finding balance, with potential for a breakout above $0.034500 to target $0.035800. Conversely, losing $0.032000 may invite further downside.

Trade Idea:

Entry Zone: $0.032500 - $0.033500

Targets: $0.034500 | $0.035800

Stop-Loss: $0.031500

Observation:

Watch for a breakout confirmation above $0.034500 for bullish continuation or a loss of $0.032000 for potential downside. Use tight risk management in this choppy environment.

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