$PENGU

Current Market Overview

Current Price: $0.01230969

24H Change: +0.12303%

Intraday High: $0.01263665

Intraday Low: $0.01025506

Trend: Short-term bullish momentum observed

Volume: Significant increase, indicating heightened market interest

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🎯 Trading Strategy

Entry Point

Suggested Entry: $0.01210 – $0.01230

Consider entering if the price stabilizes within this range or shows a slight dip.

Take Profit Targets

TP1: $0.01300

TP2: $0.01380

TP3: $0.01410 – $0.01450

These targets are based on recent resistance levels and price action.

Stop Loss

SL1 (Tight Stop Loss): $0.01160

SL2 (Wider Stop Loss): $0.01100

Choose SL1 for a conservative approach or SL2 to allow more room for price fluctuations.

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⚠️ Risk Management

Risk-Reward Ratio: Aim for a minimum of 1:2. For every $1 risked, target at least $2 in profit.

Position Sizing: Determine the amount to invest based on your risk tolerance and the distance between entry and stop loss.

Emotional Discipline: Stick to your predefined stop loss and take profit levels to avoid impulsive decisions.

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📌 Additional Considerations

Market Volatility: Be prepared for sudden price movements. Adjust your strategy accordingly.

News and Events: Stay updated with any news related to PENGU or the broader crypto market that might impact price.

Technical Indicators: Monitor indicators like RSI and MACD for signs of overbought or oversold conditions.