$PENGU

/USDT Technical Analysis & Trade Strategy🚀📈📊

Current Price: $0.038213

24h High: $0.070000 | 24h Low: $0.003375

Trade Scenarios & Targets

1. Bullish Breakout (Price above $0.0385)

Target 🎯 1: $0.04 (First resistance)

Target 🎯 2: $0.045 (Next resistance)

Target 🎯 3: $0.05 (Psychological level)

Stop Loss: Below $0.035 (Support zone)

Momentum: Look for increasing volume and RSI above 55 for confirmation.

2. Bearish Breakdown (Price below $0.035)

Target 🎯 1: $0.032 (Support zone)

Target 🎯 2: $0.028 (Next support)

Target 🎯 3: $0.025 (Deeper downside)

Stop Loss: Above $0.038 (Resistance level)

Momentum: Watch for decreasing RSI (below 40) and increased sell volume.

3. Range-Bound Play (Consolidation between $0.035–$0.07)

Target 🎯 1: $0.038 (Mid-range support)

Target 🎯 2: $0.045 (Resistance within range)

Target 🎯 3: $0.04 (Support level within range)

Stop Loss: Below $0.03

Momentum: Buy at support and sell near resistance. Watch for reversals in the range.

Trade Tips:

Volume: Volume has been high with a significant recent increase in price. Confirm breakout/breakdown with continued volume.

Risk Management: Be cautious of high volatility given the large price movement and use stop-loss orders.

Timeframe: Consider 15m for short-term momentum trades or 1h for a broader view.

Monitor the trend and execute with caution as the price is highly volatile!

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