📊 $PENGU /USDT Technical Analysis & Short Trade Opportunity
🚀 Current Price: $0.032974 (+22.10%)
📈 24h High/Low: $0.039500 / $0.027004
💰 24h Volume: 14.79B PENGU (~502.8M USDT)
🔍 Market Analysis:
The price has experienced a strong bullish breakout, gaining over 22% in the last 24 hours.
Significant resistance is observed around $0.039, while support lies near $0.027.
Indicators like RSI suggest overbought conditions, hinting at potential consolidation or minor pullback before the next move.
🎯 Short Trade Targets:
1️⃣ Target 1: $0.0345
2️⃣ Target 2: $0.0365
3️⃣ Target 3: $0.0390
⚠️ Stop-Loss: $0.0300
💡 Strategy: Monitor volume and price action near resistance levels. A breakout above $0.039 could lead to a strong continuation, while failure to hold support at $0.030 may signal a reversal.
📢 Disclaimer: This is not financial advice. Conduct your own research before investing.