The current price of $PENGU UUSDT is $0.028594, showing minor bullish momentum with a 1.89% increase. However, the chart indicates that the price is consolidating after a sharp spike, with lower highs and lower lows forming, which suggests caution.

Entry Points:

1. Long Entry: Consider entering a long position if the price breaks above $0.030000 with strong volume. This breakout would indicate a continuation of the bullish trend.

Stop Loss: Place at $0.027500 to minimize downside risk.

Target: First target at $0.035000, second target at $0.040000.

2. Short Entry: If the price breaks below $0.027000, it may indicate bearish continuation.

Stop Loss: Place at $0.029000 to protect from sudden reversals.

Target: First target at $0.025000, second target at $0.020000.

Key Observations:

Monitor the volume; a breakout or breakdown with high volume confirms the direction.

The overall trend is undecided; hence, wait for confirmation before entering.

Risk management is critical in this volatile phase. Keep position sizes small.

This analysis emphasizes reactive trading based on clear breakout or breakdown signals.

ASTR
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