$PENGU the current scenario shows a long liquidation of $3.9686K at $0.0338.

Here’s an analysis of what could happen next along with buy zones targets and stop-loss suggestions:

Current Market Conditions:

Long Liquidation: The $3.9686K liquidation suggests that a significant number of traders were holding long positions and have been liquidated meaning the market might have faced a price drop.

Price Level: $0.0338 is an important level to watch. If this level holds the market may stabilize and potentially reverse if it breaks further downside could occur.

What’s Next:

1. Potential Reversal Zone:

If the price holds around $0.0338 we may see a consolidation or reversal.

Watch for signs of support around this level. If buyers come in the price could rise again.

2. Resistance to Watch:

Keep an eye on the next resistance level. If the price breaks above certain levels (e.g., $0.0360), there could be an upward movement.

3. Volatility:

Expect some volatility in the short term, especially after liquidation events.

The price might show sharp movements up and down.

Buy Zone:

Entry Point: Look for a potential buy zone around $0.0330 to $0.0325.

If the price holds these levels and shows signs of a bounce this could be a good buying opportunity.

Target:

Short-Term Target: Set your target around $0.0370 to $0.0400.

If the price breaks these levels it could continue upwards.

Long-Term Target: Watch for a move beyond $0.0450 if the upward trend continues.

Stop-Loss:

Risk Management: To protect your position, consider placing a stop-loss just below $0.0320.

If the price falls below this level, it could signal further downside and you may want to exit the position.

Summary:

Buy Zone: $0.0330 to $0.0325

Target: $0.0370 to $0.0400 (Short-term), $0.0450 (Long-term)

Stop-Loss: Below $0.0320 for risk management

Remember cryptocurrency markets can be volatile.

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