💥$PENGU /USDT Testing Resistance After +16.08% Surge!🔥
🌟Current Price: 0.011967 USDT (+16.08%)
🌟24-Hour High: 0.014190 USDT (Critical Resistance Zone)
🌟24-Hour Low: 0.010035 USDT (Key Support Level)
Volume (24H):
🌟PENGU: 9.74 Billion
🌟USDT: 120.86 Million
PENGU is maintaining strong bullish momentum as it approaches the 24-hour high, with increasing volume confirming growing market participation.
⚡Technical Indicators 🧩
Bollinger Bands: Expanding, indicating rising volatility and setting the stage for potential breakout setups.
RSI: Nearing overbought territory—watch for early signs of possible reversal or cooling-off near resistance.
MACD: Shows consistent bullish momentum, with divergence supporting the current uptrend.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Breakout Trade
👉Entry Point: Above 0.012100 USDT (validated by volume surge).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.012500 USDT
🎯TP2 (1:2): 0.013000 USDT
💢Stop Loss: Below 0.011900 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 0.011900 USDT (confirmed rejection at resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.011700 USDT
🎯TP2 (1:2): 0.011500 USDT
💢Stop Loss: Above 0.012100 USDT
⚡Risk Management Strategy ⚠️
For the Bullish Setup, move Stop Loss to Breakeven after achieving TP1 (0.012500 USDT) and secure around 50% profits.
For the Bearish Setup, do the same—adjust Stop Loss to Entry upon reaching TP1 (0.011700 USDT) to lock in safety.
⚡Key Takeaways ✍️
1. Volume Confirmation is crucial to differentiate true breakouts from fakeouts.
2. Keep a close eye on the 0.014190 USDT resistance zone—a breakout could trigger further bullish extension; failure could lead to retracement or sideways action.
3. Disciplined execution on entries and exits is essential given the increasing volatility levels.
Disclaimer: #DYOR*
Buy Or Trade With Me On $PENGU