🐧 PENGU/USDT – Ascending Triangle Breakout Setup! 🚀
#pengu #Pengu🚀🚀🚀 #PENGUUSDT #AscendEX #BinanceSquareFamily $PENGU 📌 Current Price : $0.01065
📊 Market Overview :
Ascending Triangle formation spotted on the 1H timeframe.
A bullish breakout could lead to strong upside potential.
Key Breakout Level : $0.01123 – A confirmed close above this level may signal further gains.
Watching Volume : A breakout must be backed by rising volume to confirm strength.
📊 Key Technical Levels to Watch!
🔺 Resistance Levels :
$0.01123 (First Resistance – Breakout Level)
$0.01233 (Next Target if Breakout Holds)
🔻 Support Levels :
$0.01065 (Current Level – Holding Above Support)
$0.01019 (Major Support – Triangle Breakdown Zone)
📌 Trade Setup & Strategy!
✅ Bullish Breakout Setup
📍 Entry : Break and close above $0.01123
🎯 Targets :
$0.01233 (Breakout Target)
Further upside if momentum sustains
🛑 Stop-Loss : Below $0.01064 (Invalidation Zone)
❌ Risk Management (Invalidation Plan)
If $0.01123 fails to break, close the position to avoid a fakeout.
A breakdown below $0.01019 may lead to further downside.
⚡ Conclusion & Investor Advice!
🔹 A confirmed breakout above $0.01123 could push PENGU/USDT towards $0.01233.
🔹 Volume is key – wait for confirmation before entering long.
🔹 Failure to break $0.01123 could result in a pullback towards support at $0.01019.
💡 Pro-Tip for Traders!
🚀 Wait for Breakout Confirmation: Look for a 1H candle close above resistance with high volume.
📢 Manage Risk : Always set stop-losses to protect capital from potential fakeouts.
🔄 Monitor Price Action : If momentum slows near resistance, consider partial profit-taking!
📊 Stay sharp and trade wisely! 🧐🔥