Key Information:

Token: $PENGU / USDT (Pengu Protocol against Tether)

Current Action: Breakout Watch

Key Resistance Level: $0.0156 (specifically $0.01556 mentioned later)

Current Price (at the time of the signal): $0.01519 (+4.64%)

Support Zone: $0.01430 (where it recently bounced from)

Long Setup (for buying/going long):

Entry: $0.01520 – $0.01530 (This is the suggested price range to enter the trade).

Stop Loss (🛡): Below $0.01480 (If the price drops below this level, exit the trade to limit losses).

Take Profit Targets (🎯):

TP1: $0.01560

TP2: $0.01590

TP3: $0.01620 (These are price levels where you might consider selling to secure profits).

Setup Insight:

Momentum: Building from a recent bounce.

Confirmation: Watch for the price to hold above $0.01520 with good trading volume before entering.

Outlook: Suggests bulls (buyers) might be strong enough to push the price past $0.016.

In simpler terms, this signal is telling traders:

"$PENGU is looking strong after a recent price increase. If it can break above the $0.0156 resistance level, it could go even higher. Consider buying around $0.01520-$0.01530, set a stop loss if it falls below $0.01480, and aim to take profits at the listed target prices."

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