$PENGU /USDT Trading Signal

PENGU/USDT is currently trading at $0.03111, showing an impressive 19.97% surge in the past 24 hours. The momentum is strong, but the price is nearing a critical decision point after hitting a 24-hour high of $0.03190.

Key Levels to Watch:

Resistance: $0.03190 – A breakout above this level could propel the price toward $0.03250 and $0.03300.

Support: $0.03080 – Holding above this level is crucial for maintaining upward momentum. Below this, watch for a retest at $0.03000.

Trade Setup:

Long Entry: Above $0.03190 with targets at $0.03250 and $0.03300.

Short Entry: Below $0.03080 with targets at $0.03000 and $0.02950.

Risk Management:

Stop-loss:

Long: Below $0.03080.

Short: Above $0.03190.

Market Insight:

The recent rally indicates strong buying pressure, but with volatility in play, a clear breakout or rejection at the resistance level will determine the next move. Monitor volume and price action closely.

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