$PENGU Short Liquidation Alert! š§š„
A massive $8,788.8 short liquidation just hit at $0.03851, shaking up the $PENGU market! The bears are losing ground, and the bulls might take control. Is this the start of a new rally? Letās dive into what could happen next!
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Trading Plan for $PENGU
Buy Zone
Keep an eye on the $0.0375 - $0.0390 range. This area could act as a support level where buyers step in.
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Targets
1. Target 1: $0.0410 (Short-term resistance)
2. Target 2: $0.0450 (Breakout confirmation level)
3. Target 3: $0.0500 (Psychological milestone)
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Stop Loss
Set your stop loss at $0.0365 to minimize risk in case of unexpected drops.
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Why This Matters
The liquidation could mean sellers are getting exhausted, paving the way for upward momentum.
Monitor volume and momentum indicators for confirmation before entering the trade.
If buying pressure builds, $PENGU could see a strong rally toward higher targets.
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Stay Alert! The market is volatile, and quick moves are expected. Always trade with caution and manage your risk wisely.
(Disclaimer: This is not financial advice. Do your own research before making any decisions.)
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