Your $PENGU
/USDT setup suggests a classic oversold bounce play with early signs of bullish momentum returning. Here's a tactical breakdown:
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Trade Summary:
Entry: Current Market Price (≈$0.01054)
Take Profits:
• TP1: $0.01095
• TP2: $0.01130
• TP3: $0.01170
Stop Loss: Below $0.01010
Risk-Reward: Strong upside potential with tight risk window
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Technical Highlights:
Strong Rejection Wick from sub-$0.00975 level = likely short-term bottom
Green Breakout Candle = potential bullish reversal signal
Volume Spike confirms interest; ideal for momentum continuation
Buyer Bias 51.41% = shifting sentiment
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Watch Zone:
A firm candle close above $0.01060 could ignite rapid upside movement. That would also mark a breakout above recent local resistance, triggering FOMO buyers.
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Pro Tip:
Scale out profits at each TP, and trail your stop once above $0.01100 to lock in gains without choking upside potential.