$PENGU /USDT Bullish Breakout Setup
๐ Trade Parameters
- Current Price: $0.031894 (+13.28%)
- Entry Zone: $0.03150 - $0.03200
- Stop Loss: $0.03000 (-6% from entry)
- Take Profit Targets:
TP1: $0.03488 (+10%)
TP2: $0.03624 (+15%)
TP3: $0.03950 (+25%)
๐ Technical Rationale
โ Breakout Potential: Approaching key resistance at $0.03488
โ Strong Support: $0.03027 & $0.02814 acting as demand zones
โ Volume Backing: High volume confirms buyer interest
โ Momentum: RSI shows room for upside (not overbought)
โก Trade Execution Plan
1. Optimal Entry: Wait for pullback to $0.03150-0.03200
2. Confirmation: 1H close above $0.03250 strengthens case
3. Profit Strategy:
- 30% at TP1
- 40% at TP2
- 30% at TP3
โ ๏ธ Risk Management
- Strict SL at $0.03000 (below support)
- Avoid FOMO above $0.03300 (wait for retracement)
- Watch BTC: Macro trends affect memecoins
๐ Market Context
- Memecoin sector showing strength
- BTC stability supports altcoin moves
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