Technical Analysis: $PENGU Ready for a Potential Breakout!
Time Frame: 15-minute chart
Current Price: $0.04199
Key Levels to Watch:
Resistance: $0.04300
Support: $0.04110
Trade Setup:
Entry: $0.04190
Take Profit Targets:
1. TP1: $0.04240
2. TP2: $0.04280
3. TP3: $0.04300
Stop Loss: $0.04140
Technical Analysis:
The chart reveals strong bullish momentum with consistent higher lows, supported by increasing trading volume. RSI indicates moderate buying pressure, leaving room for an upward breakout. If the price clears the $0.04300 resistance, it could confirm a continuation of the bullish trend. Tight targets ensure realistic gains while managing risk effectively.