$PENGU

/USDT Correction Pressure continue 💯 Ready for next move 💯 💫

Overview:

Current Price: 0.037008 USDT (-0.17%)

24h Range: 0.034036 - 0.037674 USDT

Volume: 2.80B PENGU (100.61M USDT)

Trend: Consolidation after recent rally in the NFT space.

Key Levels:

Support: 0.0350 (Immediate), 0.0340 (Strong).

Resistance: 0.0375 (Immediate), 0.0400 (Psychological Level).

Trade Strategy:

1. Entry:

Long above 0.0370 if momentum holds, or breakout above 0.0375 with volume confirmation.

2. Targets 🎯:

🎯 Target 1: 0.0375 (Immediate Resistance).

🎯 Target 2: 0.0400 (Psychological Level).

🎯 Target 3: 0.0420 (Bullish Extension).

3. Stop-Loss:

Below 0.0350 to manage risk.

Momentum Check:

RSI: ~58, showing stable bullish momentum with room for upside.

MACD: Neutral to slightly bullish, indicating potential for continuation.

Volume: Solid, supporting the current range-bound movement.

Tip:

A breakout above 0.0375 could signal a continuation toward 0.0400. Watch for strong volume during breakouts to confirm the move. Keep an eye on 0.0350 support for a potential re-entry opportunity.

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