#pengu Short-term bullish with consolidation behavior.
Ideal for:
Scalping or short-term trades within a known range.
Breakout traders if it breaches $0.0165 with volume.
🧠 Trade Options (Short-Term)
1. Scalp Trade / Quick Buy
Entry: Around $0.01505–$0.01507
Target: $0.0158–$0.0163 (based on previous resistance levels)
Stop-Loss: $0.0147 or below last local low (to protect downside)
Risk/Reward: Decent (~2:1 if managed properly)
2. Breakout Trade
Entry: Wait for a break above $0.0165 (24h high)
Target: $0.017–$0.018 (psychological levels)
Stop-Loss: $0.0158 (below breakout point)
Range Trading (Buy Low, Sell High)
Buy near support: $0.0140
Sell near resistance: $0.0165
This only works if price remains sideways, which it has for several candles on this 4h chart.
⚠️ Risks & Considerations
Volatility is high — price fluctuated nearly 12% intraday.
The token is not well-known; low market cap coins can move unpredictably.
Watch volume: If it spikes with green candles, momentum is with the bulls.
Macro trend: Over 90 days, it's up 198.69%, but over 180 days, it’s down 60.47% — that’s huge volatility.