š $PENGU / USDT Long Strategy š¢š
š§ Market Overview
Current Price: ~$0.0146
Trend: Short-term bullish; recent volatility observed
Key Resistance: $0.0155 š§ (recent high), $0.0170 š (next major level)
Key Support: $0.0135 š”ļø (local support), $0.0120 šÆ (historical demand)
š PENGU has experienced significant volatility recently, including a sharp price increase attributed to large buy-ins by a few users. Traders should exercise caution and ensure proper risk management.
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š¢ Entry Now or Pullback Entry šÆšŖ
Zone: $0.0138 ā $0.0142
Conditions:
āļø Price retraces to this zone with decreasing volume š
āļø RSI remains above 50, indicating bullish strength š
āļø MACD shows a bullish crossover š
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š£ Entry Zone 2: Breakout Trade š„š
Zone: $0.0150 ā $0.0155
Conditions:
āļø Break above resistance with surge in volume š
āļø Retest & hold confirms momentum š
āļø MACD bullish crossover sparks continuation ā”ļø
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šÆ Profit Targets šÆš°
TP1: $0.0155 šÆ (minor resistance)
TP2: $0.0165 šļø (strong resistance zone)
TP3: $0.0170 š (stretch target under supply)
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š Stop-Loss ā ļøš”ļø
Pullback SL: Below $0.0130 ā
Breakout SL: Below $0.0140 š
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š Risk Management Tips šš§
šø Risk 1ā2% capital only per trade
āļø Maintain 2:1 reward-to-risk ratio
š Shift SL to breakeven after TP1
ā³ Avoid overtrading ā stick to clean, high-conviction setups
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ā ļø DYOR ā Always do your own research before entering. Crypto markets are volatile ā protect your capital with discipline.
ā Buy and Trade here on $PENGU