š $PENGU / USDT ā LONG TRADE SIGNAL š¢
š„ Market Overview:
$PENGU has shown a strong bullish reversal from the lower support zone near $0.023, reclaiming momentum with heavy buying volume.
After breaking out of the $0.0245ā$0.025 consolidation range, price structure is now forming higher highs and higher lows ā signaling a shift to bullish momentum.
A sustained move above $0.026 could accelerate the rally toward the next resistance zone around $0.031.
š Key Levels:
š¢ Support Zone: $0.0232 ā $0.0250
š“ Resistance Zone: $0.0300 ā $0.0310
š Trade Setup (Long Position):
š° Entry Zone: $0.0255 ā $0.0260
šÆ Take-Profit 1 (TP1): $0.0285
šÆ Take-Profit 2 (TP2): $0.0309
š Stop Loss (SL): $0.0232
š” Market Outlook:
ā
Price is breaking above the retest zone, confirming renewed buyer interest.
ā
Aroon Up (78%) reflects growing bullish control over short-term momentum.
ā
If the price holds above $0.0255, we can expect a continued move toward the $0.031 zone.
ā ļø Break below $0.0232 may invalidate the bullish setup and signal a retest of lower support.
āļø Risk Management:
š Risk-to-Reward Ratio: ā 2.9 : 1
š Move SL ā breakeven after TP1 hits.
š« Avoid new entries if the price closes below $0.025 on the hourly chart.
š Summary:
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Bullish breakout confirmed
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Higher-low structure established
šÆ Targets: $0.0285 ā $0.0309