$PENGU /USDT Technical Outlook and Best Trading Strategy 🔐👇
Current Price: $0.01416🦋
1H Analysis:📊
$PENGU recently formed a CHoCH, followed by a bullish structure reclaim. Price is consolidating below resistance ($0.0145-$0.015) with support building at the $0.01397–$0.01402 zone. Lower wicks show buying pressure. Indicators remain oversold (Stoch RSI < 25), signaling a potential bounce.
1D Analysis:📊
The daily structure is bullish with higher lows and EMA support. $PENGU Price retested the 21 EMA and held, suggesting strength. As long as $0.0124 holds, the trend favors bulls.
Trade Strategy (1H focus):💥
Buy zone: $0.01397 – $0.01400✅
Target 1: $0.01500🎯
Target 2: $0.01580🎯
Stop-loss: Below $0.01379☣️
Bias: Bullish continuation if support levels hold with volume confirmation.
Pro Tip:👨❤️👨
"Don’t chase green candles. Trade with structure and confirmation."
This setup rewards breakout traders who wait for retest strength.
Disclaimer:⚠️
This is not financial advice. Always DYOR before trading.
