$PENGU Long Liquidation: $1.0364K at $0.04106

What Happened?

A long liquidation of $1.0364K happened at $0.04106.

This means traders betting on $PENGU 's price rising were forced to close their positions, often signaling bearish pressure in the market.

Important Details

Market Sentiment: Bearish; long liquidations often indicate selling pressure.

Price Action: $PENGU is struggling to hold its ground above $0.041.

Support and Resistance Levels

Support: $0.0395 (If the price breaks below this, expect further declines).

Resistance: $0.042 (If the price climbs back above this, bullish momentum may return).

Next Move (Suggestion)

1. For Sellers:

Consider shorting if the price stays below $0.041 and heads toward $0.0395.

Use a stop-loss above $0.042 to manage risk.

2. For Buyers:

Wait for the price to reclaim $0.042 and show strength before buying.

Set a stop-loss below $0.0395 to minimize losses.

Keep an Eye On:

Volume: Low volume may lead to false breakouts.

News: Monitor updates on PENGU or market-wide trends that could impact the price.

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