$PENGU Here’s a comprehensive analysis for based on the current market event, including short liquidation details and future trading levels:

Short Liquidation Overview.

Short Liquidation Amount: $5,028.6

Liquidation Price: $0.02819

This indicates bearish pressure was overwhelmed by buyers, possibly signaling a reversal or strong support near this level.

Key Levels to Watch for $PENGU

Buy Zone.

Range: $0.0265 - $0.0280

Accumulation in this zone can be safe as it aligns with recent support and liquidation activity.

Target Levels (Take-Profit Zones)

1. Target 1 (Short-Term): $0.0320

2. Target 2 (Mid-Term): $0.0360

3. Target 3 (Long-Term): $0.0400

Stop-Loss Level.

Set Stop-Loss Below: $0.0255

If the price drops below this level, it may indicate further downside.

What’s Next for $PENGU.

1. Bullish Scenario:

If $PENGU sustains above $0.02819 and volume increases, it’s likely to test the $0.0320 resistance level. Strong buying pressure can push it toward mid-term and long-term targets.

2. Bearish Scenario:

If $PENGU fails to hold the $0.0265 support, it may drop to $0.0240. This would signal further bearish momentum, and cautious trading is advised.

3. Market Sentiment:

The short liquidation indicates a shift in momentum. Watch for increasing trade volume and positive sentiment as signs of bullish continuation.

Risk Management Tips.

Invest only what you can afford to lose.

Adjust position sizes based on your risk tolerance.

Regularly monitor the market to adapt your strategy.

Stay updated with $PENGU’s price action and manage trades wisely.

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