$PENGU /USDT is showing signs of recovery after consolidating at the highlighted support zone. The price has bounced back to $0.03296 (+5.84%) on increased buying momentum.
Analysis:
• The strong support near $0.028 has held well, suggesting buyers are stepping in.
• If the price maintains this momentum, the next key resistance lies at $0.04. A confirmed breakout could open doors to higher levels.
• Keep a close watch on volume and candle structure to confirm the trend’s strength.
Strategy:
• Short-term Traders: Partial profit-taking at resistance levels while trailing stop losses.
• Mid-term Holders: Monitor price stability above the current support for additional upside potential.
Great call on PENGU, @Tad Graybeal cLc3! Stay vigilant and trade wisely! 🚀