$PENGU Approaching Oversold Zone, Potential Bounce
Trade Setup (Long):
Entry: $0.011000 – $0.011050
TP: $0.011250 / $0.011400
SL: $0.010900
PENGUUSDT
Perp
0.010846
-2.06%
$PENGU has experienced a sharp correction from its recent highs, testing the crucial $0.011000 psychological support level on the 15m chart. Selling pressure appears to be weakening as the price settles near this support, with the Z-Score indicator dipping firmly into the oversold blue region. If buyers step in aggressively at the $0.011000 mark, we are likely to see a fresh rebound toward the $0.011300 resistance area. A break below $0.010900 would signal further downside.