$PENGU Long Liquidation Alert

💰 Amount Liquidated: $5.784K

📉 Price Level: $0.03428

The recent long liquidation for PENGU suggests significant selling pressure, creating a potential opportunity for smart traders. Let’s explore what could happen next and how to plan your trade with a buy zone, target levels, and stop-loss.

🔥 What’s Next for $PENGU ?

After the liquidation, the market may test lower levels before recovering. Here’s the strategy to consider:

✅ Buy Zone

Range: $0.03350 to $0.03400

This is an attractive accumulation area where the price might stabilize or bounce.

🎯 Targets

1. First Target: $0.03550 (A small recovery, good for quick profits)

2. Second Target: $0.03700 (Mid-level resistance with decent potential)

3. Third Target: $0.03950 (Strong resistance, ideal for long-term traders)

🚨 Stop Loss

Suggested Level: $0.03300

Keep your stop-loss below the buy zone to limit risks if the downtrend continues.

📊 Key Technical Insights

1. Support Levels:

$0.03350 (Immediate support)

$0.03200 (Critical support, last defense)

2. Resistance Levels:

$0.03550 (Initial hurdle)

$0.03700 (Major resistance zone)

3. Indicators to Watch:

Volume: Look for increasing volume near the buy zone to confirm a reversal.

RSI: If RSI rises above 50, expect bullish momentum.

⚡ Pro Tip

Avoid rushing into the trade. Wait for a clear signal of reversal (like a green candle with high volume).

If Bitcoin or the broader market is volatile, $PENGU might follow the trend, so watch the overall market closely.

Stay Sharp. Trade Smart. Maximize Gains!

Would you like to analyze any other tokens or strategies? Let me know!

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