$PENGU /USDT Technical Analysis - Binance
š Current Price: $0.041891 (+17.36%)
ā° Timeframe: 30m
Analysis & Targets
$PENGU /USDT is showing significant bullish momentum with a sharp upward move. Here are the key levels to watch:
1ļøā£ Target 1: $0.04300
Immediate resistance level; a breakout here may continue the bullish trend.
2ļøā£ Target 2: $0.04500
A critical resistance zone. A push beyond this indicates further strength in the trend.
3ļøā£ Target 3: $0.04800
Major resistance and an ambitious target. Breaking this level could trigger significant buying pressure.
Strategy
š Bullish Case: Monitor for a sustained breakout above $0.04300. Gradually take profits at each target to secure gains.
š Bearish Case: If the price pulls back, expect support around $0.04000.
ā ļø Risk Management:
Set a stop-loss at $0.03950 to protect against downside risks.
Trade cautiously, as volatility remains high after the sharp rally.
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