$PENGU /USDT – Scalping Setup (Short-Term Idea)
Current Price: $0.01398
24h Drop: -8.39%
Volume: Decent (66M USDT)
Support Zone: $0.0129 – $0.0132
Resistance to Watch: $0.0147 – $0.0155
Observations:
RSI: Neutral at ~51 – room for upward or downward move.
MACD: Trying to cross bullish, but still indecisive.
MA Lines: Price bouncing near the 99 MA (~$0.0129) – often acts as a longer-term support.
Volume Spike: Large green candle + volume on May 8 hints at previous accumulation interest.
Trade Plan (Scalp Focused):
Entry: Anywhere around $0.0138–$0.0139 (if it holds).
Target: $0.0145–$0.0149 (light resistance), trail if volume spikes.
Stop: $0.0132 or tighter if low timeframe momentum breaks.
Risk Level: Moderate – Avoid if BTC is unstable.
Bonus Insight:
PENGU is a meme/NFT token with sudden volume bursts. Don’t get trapped in sideways zones. Prefer quick exits unless there's major news or breakout confirmation.
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