$PENGU /USDT Analysis: Watch for a breakout....
Current Price: $0.0381#PENGUhas shown an impressive 10+% rise in the past 24 hours, reaching a high of $0.0409 before pulling back slightly. Market sentiment suggests further movement is possible.
Key Levels to Watch
Support Zones:
$0.0375: Critical short-term support to sustain bullish momentum.
$0.0369: Major support from recent low; a drop below could lead to further selling pressure.
Resistance Levels:
$0.0409: Immediate resistance. A break of this could spark a rally towards higher targets.
$0.0425: Pivotal resistance area to confirm a sustained uptrend.
Trading Ideas
For Buyers:
Entry: Consider entering near $0.0375 for a long position.
Targets: $0.0409 (short term) and $0.0425 (next target).
Stop Loss: Below $0.0369 to protect capital.
For Sellers:
Entry: Short positions can be explored if PENGU fails to hold at $0.0375.
Targets: $0.0369 and $0.0355 for potential downside.
Stop Loss: Above $0.0385 to manage risk.
Stay cautious as PENGU approaches these critical levels!