$PENGU

🐧 PENGU/USDT – Long Setup (Reversal Play)

🕒 Timeframe: 1H

💰 Current Price: $0.01413

📊 Trend Context: Recovering from downtrend, now forming ascending structure with strong near-term momentum.

🔍 Technical Notes:

🔹 PENGU printed a rounded bottom formation from $0.011 → $0.014

🔹 Currently breaking past prior lower high zones (~$0.0138 - $0.0140)

🔹 Recent surge has strong volume support (10.76M)

🔹 Price nearing key resistance zone around $0.01450 – $0.01480, potential breakout if volume sustains

🔹 MACD and RSI (not shown here) likely leaning bullish based on price structure

🟩 Entry Plan:

📌 Entry Zone:

$0.01395 – $0.01420

Add more on confirmed breakout above $0.01460 with strong volume

🎯 Take-Profit Targets:

🎯 TP1: $0.01480

🎯 TP2: $0.01560

🎯 TP3: $0.01680 (key supply zone from mid-May spike)

🛡️ Stop-Loss:

🔻 SL: Below $0.01330 (break of ascending trend + invalidates structure)

⚖️ Risk-Reward Tip:

Entry: $0.01413 | SL: $0.01330

TP2: $0.01560 → Risk:Reward ≈ 1.8 – 2.1:1

🛡️ Trail stop once TP1 is hit or near $0.01470

✅ Confirmation Triggers:

🔸 Break and close above $0.01460 on strong volume

🔸 BTC stable or bullish

🔸 RSI holds above 60 on continuation

🔥 Signal Strength:

Medium-High – Strong bounce from low, but resistance ahead must be cleared for follow-through. Set alerts around $0.01450+