đ $PENGU /USDT: Analyzing the Momentum! đđ
The PENGU/USDT pair is currently trading at $0.032037, showing a decline of -5.96% in the past 24 hours. With a 24H high of $0.039500 and a low of $0.030592, the market has exhibited increased volatility after its previous rally, presenting opportunities for both long and short trades. Letâs analyze!
đ„ Short Position Signal
Entry Zone: $0.0325 - $0.0330
Take Profit (TP):
TP1: $0.0305
TP2: $0.0280
Stop Loss (SL): $0.0340
Rationale: After hitting resistance near $0.0330, the market has entered a correction phase. A rejection around this level could lead to further downside towards key support levels.
đ Long Position Signal
Entry Zone: $0.0300 - $0.0305
Take Profit (TP):
TP1: $0.0335
TP2: $0.0370
Stop Loss (SL): $0.0285
Rationale: Strong support is evident near $0.0300, making it a potential rebound zone. If the price breaks above $0.0335, we could see further bullish momentum.
Market Context đ§
PENGU/USDT has seen significant fluctuations, and while the market is leaning bearish in the short term, strong support levels could trigger a recovery. Monitor the price action and volume near key zones to confirm entry points. Effective risk management is essentialâsecure partial profits and adjust stop losses as targets are approached.
#pengu #BinanceAlphaAlert #MarketPullback #USUALTradingOpen #MarketCorrectionBuyOrHODL?