🟢 $PENGU UUSDT SHOWS STRONG BULLISH SPIKE – BREAKOUT OR FAKEOUT?
$PENGU Current Price: $0.015392 (+1.31%)
🔑 Key Levels:
Resistance: $0.01560 (immediate), $0.01600 (next major)
Support: $0.01500 (strong), $0.01460 (secondary)
📈 Market Explanation:
PENGU has surged sharply from the $0.01460 zone, breaking recent consolidation with high volume. Buyers are attempting to sustain above $0.01540 for continuation towards the next resistance levels.
🎯 Trade Setup (Long Entry):
Entry Zone: $0.01530 – $0.01540 (on retest)
Targets:
TP1: $0.01560
TP2: $0.01580
TP3: $0.01600
Stop Loss: $0.01500 (below support)
📊 Market Outlook:
If price holds above $0.01530, bullish momentum could extend to $0.01600 in the short term. Failure to hold may lead to a pullback towards $0.01500.
⚠️ Risk Management:
Always use tight SL, risking only 1-2% of your portfolio. Wait for candle confirmations before entering.
💬 Comment 🐧 if you caught this PENGU breakout today!
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