$PENGU Trading Strategy
1. Bullish Case:
A break above $0.033537 (MA 25) with strong volume could signal further gains toward $0.035193 and $0.038455.
Traders can consider entering on pullbacks near $0.032 to $0.0315.
2. Bearish Case:
If price fails to break the MA(25) and drops below $0.031417, a retest of $0.028155 is likely.
Further downside could lead to a lower low.
Support Levels:
Strong Support: $0.028155 → Previously tested during a downward move.
Immediate Support: $0.031417 → Price bounced near this level.
Resistance Levels:
Immediate Resistance: $0.033537 (MA 25) → Price is approaching this moving average.
Key Resistance: $0.035193 → A minor rejection near this level earlier.
Strong Resistance: $0.038455 → The most recent swing high.
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