a short technical analysis and trade signal for $PENGU šÆš„
/USDT with a bullish outlook based on current data:
Technical Analysis (Short-Term)
Trend: Bullish Momentum (up +8.03%)
Current Price: $0.015277
24h High: $0.015600
24h Low: $0.013617
Volume: Extremely high (4.48B PENGU / $64.88M USDT) ā confirms strong trader interest
Price Action: Breaking key levels; higher lows formed
Trade Signal
Action: BUY on dip or breakout
Entry Zone:
Dip Buy: $0.01480 ā $0.01500
Breakout Entry: Above $0.01560
Stop-Loss: $0.01360 (below recent low)
Bullish Targets
šÆ Target 1: $0.01620
šÆ Target 2: $0.01700
šÆ Target 3: $0.01850 (extension if breakout holds)
Trade Momentum
Momentum: Strong, backed by high volume and gainer tag
Risk Level: Moderate (volatile due to NFT sector hype)
Strategy: Ideal for momentum scalps or breakout swing trades with trailing stop
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