Bullish Breakout Signal – $PENGU /USDT

Token: $PENGU

Short Liquidation Noted: $5.06K at $0.01027 – short-sellers caught offside, signaling a possible breakout rally as selling pressure fades.

Market Snapshot

$PENGU just absorbed a cluster of short liquidations around $0.01027, flipping a previous supply zone into a potential base for upward continuation.

Momentum is building, and a clean structure is forming for a bullish breakout.

Trade Setup

Entry Zones:

Early Long Zone: $0.0103 – $0.0106 (ideal for positioning on retest)

Breakout Entry: Above $0.0109 with strong volume and bullish candle close

Stop-Loss Placement:

🔻 Below $0.0099 – under liquidation wick and key support level

Target Zones:

🎯 Target 1: $0.0114

🎯 Target 2: $0.0121

🎯 Target 3: $0.0129 – a major breakout extension zone

Technical Levels

Support Zone: $0.0099 / $0.01027

Breakout Line: $0.0109

Major Resistance: $0.0129

Sentiment & Price Action

The liquidation event hints at short-seller capitulation, often a precursor to fast upward movement, especially in low- to mid-cap altcoins.

Volume is stabilizing, and the structure favors a clean breakout setup as long as the price stays above $0.0103.

📍 Trading Strategy

Watch for a breakout above $0.0109 with confirmation on 15m–1H candles.

Early entries on dips can also be valid with tight stops.

Risk-to-reward favors bulls if $0.0114 breaks quickly.

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