$PENGU 🚀 BULLISH MOMENTUM 🚀
📈 Short-Term Trading Strategy (Scalping/Intraday)
Scalp Strategy:
Entry: $0.0164–0.0166 range (on small dips or flag breakout)
TP1: $0.0172
TP2: $0.0178
SL: Below $0.0158 (tight stop to preserve capital)
Alternative Breakout Play:
Breakout Buy: If it crosses $0.0174 with volume >$3M/hr
Target $0.0185–0.019
Use trailing SL to lock profits on strong candles
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🧠 Market Sentiment
Bullish Bias: 71% long positions noted on major exchanges
⚠️ Risk Assessment
Volatility Risk: High due to meme coin nature
Volume Risk: Volume has declined from recent peaks; requires confirmation to sustain breakout
Liquidity Risk: Spreads can widen suddenly—use limit orders in scalping
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📌 Disclaimer
This is not financial advice. Cryptocurrency investments are highly volatile and involve significant risk. Always do your own research (DYOR), and never trade with funds you cannot afford to lose.
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