$PENGU /USDT: The momentum continues! 🔥💯
$PENGU /USDT has surpassed its key resistance zone (highlighted in purple) around $0.038, confirming strong bullish momentum on the 15-minute timeframe. This breakout indicates a possible continuation of the upward trend, as buyers maintain control.
Key highlights:
• Breakout of resistance: the price exceeded $0.038 with strong volume momentum, turning the previous resistance into a support level.
• Current price: $0.03994 at the close of the last candle.
• Daily gains: over 10.3%, with a 14.95% increase in the last 7 days, a clear indication of growing interest.
Trading strategy:
1. Entry zone: look for possible pullbacks to the $0.038-$0.039 range for safer entries.
2. Target levels:
• Short term: $0.041
• Medium term: $0.043+
3. Stop-Loss: Below $0.037 to manage downside risk.
Risk management: Ensure that the position size aligns with your risk tolerance, as volatility remains high.
This rally reflects strong market sentiment, but watch for any signs of exhaustion. Let the trend guide you: trade cautiously and stay true to your plan.
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