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📊 1. Context and Key Data

Current price: ~$0.01637 (slightly down today)

Daily range: $0.01625–0.01726

24h volume: between $500M and $765M according to CoinMarketCap and CoinGecko

Historical range: maximum $0.057–0.068 (Dec‑2024), minimum $0.0037 (Apr‑2025)

Market capitalization: ~ $950M–$1B

Regulatory context: there is a potential ETF “Canary PENGU” pending approval, which adds volatility

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🧭 2. Objectives of the Plan

Horizon: short/medium term (days to weeks)

Profit target: ~15% per trade

Risk: maximum 5% per trade (stop-loss), with defined ranges

Position management: use only a % of the portfolio (e.g. 2 – 5%) to avoid overexposure

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🛒 3. Entry Strategy

1. Wait for pullbacks to the technical support zone ~$0.0150–0.0155

2. Confirm with:

Increasing volume

RSI near oversold (<30)

3. Entry in limit orders:

First before support (~$0.0155)

Second in case of a strong drop (~$0.0150)

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🎯 4. Target Levels

First target (TP1): ~0.0180 (intraday/monthly resistance, +10–15%)

Second target (TP2): ~0.0200 (intermediate historical resistance)

Trailing stop: move SL to the entry point once TP1 is reached

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❌ 5. Stop-Loss (SL)

Initial SL at 5% below the entry price (~$0.0147 if entering at $0.0155)

Adjust SL after reaching TP1

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🧾 6. Position Management

Start with a small position (e.g. 50%)

Add at strong support if confirmed with volume/RSI

Liquidate totally or partially at TP2

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Support: monitoring range $0.0150–0.0155

Resistance: $0.0180 and then $0.0200

RSI: relatively low (<30) for buys, >70 for sells

Volume: confirms the validity of breakouts or bounces

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🔍 8. Risks and Catalysts

High volatility due to being a meme token + possible news (ETF)

Manipulation: risk in Spot markets (Binance, Kraken, OKX...)

Key events to monitor:

Regulatory decisions on ETFs

Volume reports / new listings

Price movements of the NFT or news from the ecosystem

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🗓️ 9. Review Calendar

Day What to Review

Daily Price vs support/resistance, volume, RSI

Weekly Regulatory news, crypto sentiment

Monthly Performance vs S&P500, other altcoins, updates from pudgypenguins.com

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✅ Final Summary

The plan aims to take advantage of controlled pullbacks and eventual upward breaks. Discipline is key: do not overexpose, use strict SLs, and closely follow news about the ETF. This way, profits (10‑20%) can be captured while balancing risk/reward.

#Spot #trading #StrategicTrading #pengu $PENGU