$PENGU /USDT Trading Signal - Consolidation After a Strong Move

Current Price: $0.035768 (+5.39%)

24H High: $0.036972

24H Low: $0.033158

PENGU is consolidating after reaching a 24H high of $0.036972. The current price level suggests a possible accumulation phase before the next potential breakout.

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Key Levels to Watch:

Support Zone: $0.035500 - $0.035600

Resistance Zone: $0.036800 - $0.037000

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Trading Signal for Long Positions:

Entry Range: $0.035700 - $0.035800

Target 1: $0.036900

Target 2: $0.037500

Stop Loss: $0.035200

Recommendation: Monitor the price action closely at support levels. Look for increased volume near resistance to confirm breakout potential. Use tight stop-loss to manage risk effectively.

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