$PENGU
Scenario 1: Uptrend Continuation
The price breaks above the recent high at 0.0326 USDT.
If it breaks out with strong volume, the next targets could be:
0.035 USDT (psychological round level)
0.040 USDT (extended target)
In this scenario, it’s good to trail your stop loss upward to lock in profits as price moves higher.
Indicators to watch:
RSI may stay overbought, but strong momentum can keep pushing it higher.
Watch for a daily close above 0.0326 with solid volume to confirm.
Scenario 2: Short-Term Pullback
Due to extreme RSI (~92), the price might pull back for healthy correction.
Key Fibonacci retracement levels to watch:
0.0284 USDT (near-term support)
0.0256 USDT (Fib 23.6%)
0.022 - 0.020 USDT (Fib 38.2% - 50%)
These levels are likely buy zones if the trend remains bullish.
If price bounces from any of these levels with decent volume, it may retest the high again.
If these levels break with high selling volume, it could go deeper to 0.018 - 0.017 USDT (Fib 61.8%).
How to manage it
If you’re in profit: Take partial profits near resistance (0.0326+).
If you want to add: Wait for a pullback to buy lower with clear supports.
Always use stop loss to manage risk — under support levels.
Monitor Bitcoin & overall market — a drop in BTC could pull PENGU down too.
Tip: Combine these levels with volume and candlestick signals. A long lower wick = buyers stepping in = stronger bounce confirmation