$PENGU /USDT Analysis!š„šÆ
š Bull Run Confirmed!
The chart reflects strong bullish momentum for PENGU/USDT with a significant breakout above the key resistance zone (highlighted in purple). This upward movement signals a solid trend reversal, with buyers dominating the market.
Entry Point
Current price: 0.04088 USDT
This level offers an ideal entry for short-term and swing traders.
Targets
ā¢ Target 1: 0.04350 USDT
ā¢ Target 2: 0.04600 USDT
ā¢ Target 3: 0.04800 USDT (longer-term perspective)
Stop Loss
Place a stop loss at 0.03850 USDT to protect against potential downside risks.
Strategy
ā¢ Consider booking partial profits at each target level.
ā¢ Monitor volume and price action closely to confirm trend continuation.
ā¢ Adjust stop loss to the breakeven point once the first target is achieved.
Key Note: Momentum is strong, but ensure proper risk management in case of market reversals.
Happy trading!