🚨 $PENGU /USDT - Pullback After Sharp Surge 🚨

Current Price: $0.038316 (+8.01%)

Timeframe: 1H Chart (Binance)

Pengu (PENGU) experienced a strong upward rally, hitting a high of $0.043500 before retracing. The pullback to the $0.037020 region could signal a consolidation phase before the next move.

Key Levels:

Support Zone: $0.037–$0.038

Resistance Levels: $0.040, $0.0435

Entry Zone: $0.037–$0.0385

Targets:

Short-Term Target: $0.040

Extended Target: $0.045

Risk Management:

Stop Loss: $0.035

Analysis:

The retracement following the high indicates profit-taking by short-term traders. The price could stabilize in the support zone around $0.037, setting up for another push toward $0.040 and beyond. Volume remains significant, showing continued interest in the asset.

Trading Advice:

Look for a bounce from $0.037–$0.038 before entering. Partial profit-taking is recommended near $0.040 and $0.0435. Maintain a tight stop-loss to manage risk during high volatility.

Watch for signs of renewed momentum to capitalize on the next potential breakout!

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