$PENGU is trading at $0.031831, demonstrating a 15.60% gain and strong upward momentum. The price is approaching its 24-hour high of $0.032380, indicating potential for a breakout if buying pressure persists.
Trade Setup:
Long Setup:
Entry: Above $0.032500 (Breakout confirmation)
Stop Loss (SL): $0.030000
Take Profit 1 (TP1): $0.035000
Take Profit 2 (TP2): $0.038000
Short Setup:
Entry: Below $0.030000 (Breakdown confirmation)
Stop Loss (SL): $0.031500
Take Profit 1 (TP1): $0.028000
Take Profit 2 (TP2): $0.026500
Technical Outlook:
$PENGU is exhibiting bullish momentum, supported by increased volume. A breakout above $0.032500 could target $0.038000, while a failure to hold above $0.030000 might lead to a pullback toward lower support levels.
Traders should monitor volume and price action closely for confirmation and implement tight stop-loss levels to manage risk effectively.