$PENGU /USDT Trade Setup
Market Insight:
$PENGU is up +12.60% in the last 24 hours, currently trading at $0.016647, just below the Bollinger Band Upper Limit (0.016653). After a solid recovery from the 24h low of $0.014426, momentum appears bullish in the short term, but price is nearing resistance.
Entry:
🔹 Buy Zone: $0.01580 – $0.01620
(Watch for pullbacks near mid-Bollinger band support)
Targets:
🎯 Target 1: $0.01700
🎯 Target 2: $0.01750
🎯 Target 3: $0.01820 (If momentum sustains above resistance)
Stop Loss:
⛔ $0.01510 (below midline and recent higher low)
Key Levels:
Resistance: $0.01718 / $0.01750
Support: $0.01521 (mid-Bollinger band) / $0.01442 (24h low)
Pivot Point: $0.01620
Pro Tip:
PENGU is trading near upper Bollinger resistance with increasing volume (42.15M USDT in 24h). If price consolidates above $0.01665, momentum could push it into price discovery short term. Avoid chasing the pump — scale in near pullbacks and manage risk closely.
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