🚨 $PENGU /USDT SHORT LIQUIDATION ALERT 🚨
Overview:
PENGU has seen a significant short liquidation of $22.331K at $0.03273, signaling strong buying pressure in the market. This could drive a bullish rally if momentum sustains, offering a potential profit opportunity for traders.
Key Levels to Watch:
Buy Zone: $0.03100 - $0.03300
Target Zone: $0.03500, $0.03800, $0.04000
Stop Loss: $0.03000
Next Steps:
1. Entry Point: Look for $PENGU to hold above the $0.03200 level. If it stabilizes within the $0.03100 - $0.03300 range, consider entering a long position.
2. Target Levels:
First Target: $0.03500
Second Target: $0.03800
Third Target: $0.04000
Take profits gradually as PENGU moves toward these resistance levels.
3. Stop Loss: Place your stop loss at $0.03000 to limit downside risk if the price reverses unexpectedly.
Why It’s Bullish:
A short liquidation often forces sellers to cover their positions, creating buying momentum.
$PENGU ’s strong rebound above $0.03273 indicates buyers are stepping in, with potential for further upside.
Reminder:
Wait for confirmation of support and sustained momentum before entering.
Stick to a disciplined risk management strategy and only trade what you can afford to lose.
Get ready to ride the wave as PENGU targets higher levels! 🚀
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