$PENGU /USDT Analysis!🔥💯
🚀 Bull Run Confirmed!
The chart reflects strong bullish momentum for PENGU/USDT with a significant breakout above the key resistance zone (highlighted in purple). This upward movement signals a solid trend reversal, with buyers dominating the market.
Entry Point
Current price: 0.04088 USDT
This level offers an ideal entry for short-term and swing traders.
Targets
• Target 1: 0.04350 USDT
• Target 2: 0.04600 USDT
• Target 3: 0.04800 USDT (longer-term perspective)
Stop Loss
Place a stop loss at 0.03850 USDT to protect against potential downside risks.
Strategy
• Consider booking partial profits at each target level.
• Monitor volume and price action closely to confirm trend continuation.
• Adjust stop loss to the breakeven point once the first target is achieved.
Key Note: Momentum is strong, but ensure proper risk management in case of market reversals.
Happy trading!