$PENGU /USDT.

📊 PENGU/USDT Market Overview

MetricValueCurrent Price$0.012053Change (24h)-8.12%Recent High (noted)~$0.015717Strong Support Area~$0.011000Recent Bounce Levels$0.014591, $0.013533Potential Target Area~$0.015717–$0.017000

🔍 Technical Observations (4H Chart)

Price is correcting from a recent local high (~$0.0157) and has retraced to $0.0120, which is around the 50–61.8% retracement zone (if measuring from previous low ~$0.0100).

Key support zone: $0.0110 – "Strong Low" label suggests prior demand or structural low.

Clear down candle volume into this level may indicate absorption, not just selling.

Potential for short-term bounce or reversal if $0.0110 holds.

If $0.0120 breaks cleanly, next downside target = ~$0.0100 or lower wick zone.

🎯 Trade Setup: Bounce or Breakdown Play

🔹 Bounce (Reversal) Play

Entry Zone: $0.0110 – $0.0120

Stop-Loss: $0.0098 (below strong low)

TP1: $0.0135

TP2: $0.0146

TP3: $0.0157+

Bias: Oversold conditions + strong support zone may trigger relief bounce.

🔸 Breakdown (Momentum Short)

Entry: Break below $0.0109 with volume

SL: $0.0121

TP1: $0.0090

TP2: $0.0075

Bias: Continuation if major support fails with no buyback.

Would you like me to generate a visual chart mockup or give you a potential grid trade setup using this price range (e.g., $0.0100–$0.0150)?

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