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1️⃣ Context & Trend Analysis

Current price: ~$0.0298, daily range $0.0273–$0.0303

Daily volume: ~ $1.4 – 2 B

Recent trend: increase of +31‑100% last week. It has broken a downward channel in June, consolidating 🟢

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2️⃣ Definition of Key Levels

Main support: ~$0.0145 – bullish level after bounce

Resistance: previous levels of ~$0.03; next potential target ~$0.044 based on Fibonacci levels

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3️⃣ Entry Strategy

Partial entry (30–50% of the lot): on confirmed breakout of resistance with volume (> $1 B)

Adaptive entry: if price retraces towards ~$0.027–0.028 with technical signals (RSI>50, positive MACD), add another part to average

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4️⃣ Risk Management and Stop Loss

Place initial SL just below support near ~$0.026

Position size: maximum exposure 2–3% of the portfolio per trade

Review daily; move SL to break-even upon reaching +5–10% and follow it with trailing 3–5% as it rises

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5️⃣ Exit Targets ($T/P)

➤ T/P 1: +10 % → ~$0.033

➤ T/P 2: +20 % → ~$0.036

➤ T/P 3 (extended): +45 % → ~$0.044, based on Fibonacci structures

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6️⃣ Signals & Catalysts to Monitor

News / ETF: any announcement about Canary Spot PENGU ETF may drive increases

Product launches: games (Pudgy Penguins game), collaborations or drops

Macro crypto: general market conditions (Bitcoin/Ethereum) and global sentiment

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7️⃣ Review and Discipline

Review plan once a day and update stop & target according to price behavior

Avoid overexposure and respect your SL: if triggered, accept the loss and reevaluate

If T/P levels are reached, take partial profits and use the rest for adjusted positions

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✅ Quick Technical Summary

Action Price/Rule

Entry Breakout > $0.03 or retracement to $0.027–0.028 with technical signal

Stop Loss ~$0.026

T/P 1 ~$0.033

T/P 2 ~$0.036

T/P 3 (max) ~$0.044

Review Daily, adjust trailing SL to +5–10%

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⚠️ Final note: This plan is not a financial recommendation, but a guide based on recent data and disciplined structure. Adjust ranges and size according to your risk profile, do your own research, and remain calm in the typical volatility of memecoins like PENGU.

#Spot #trading #StrategicTrading #pengu $PENGU