Here is your professional, structured technical analysis post:
$PENGU USDT BULLISH CONSOLIDATION BEFORE THE NEXT PUSH
$PENGU USDT is showing strong bullish momentum with a +16.76% rise, currently trading at $0.010886. After testing the intraday high of $0.011095, the pair is consolidating near its moving averages, suggesting preparation for another upward leg if the structure remains intact.
š Trade Setup (Long):
Entry Zone: $0.01080 ā $0.01090
Take Profit Targets:
ā¢ TP1: $0.01110
ā¢ TP2: $0.01130
Stop Loss: $0.01065
š Short Market Outlook:
Momentum remains positive as RSI hovers above 52, MACD is slightly bullish, and recent volume spikes support buyer interest. As long as it holds above the $0.01065 support, continuation towards higher resistance levels is likely.
š” Risk Management:
Use strict SL and avoid over-leveraging, as quick pullbacks are possible in microcap tokens.
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buy and trade here on $PENGU