$PENGU Long Liquidation Alert
Long Liquidation Value: $5.5763K at $0.03856
Entry Point: $0.03880
The entry point is set just above the liquidation price of $PENGU at $0.03856, anticipating a potential price reversal after the liquidation.
Target Price: $0.04000
Target set at PENGU $0.04000, offering a 3.08% upside from the entry. This level represents a key resistance point, making it a good target for profit-taking.
Stop Loss: $0.03700
Stop-loss placed at PENGU $0.03700, limiting downside risk to approximately 2.06%. This stop-loss ensures protection if the market moves against the position.
Risk/Reward Ratio: 1.5:1
Risk: $0.00080
Reward: $0.00120
The 1.5:1 risk/reward ratio offers a favorable setup, with higher reward potential compared to the risk.
Market Context:
The $PENGU liquidation event suggests potential upward momentum, as such events often prompt buying pressure. This could push the price towards $0.04000, facing resistance.
⚠️ Disclaimer:
Cryptocurrency trading is volatile. Always perform thorough research and consult a financial advisor before making investment decisions.