$PENGU

📊 Market Snapshot

Live Price: ~$0.0324; 24h Range: $0.0290–$0.0344

24h Volume: ~$1.9–2.1 B; Market Cap: ~$2.0–2.1 B

Recent Moves: +10–12% in 24h; +115–120% over the past week; monthly gains ~235%

---

🔍 Technical Overview

Trend: Technical indicators show mixed–leaning bullish:

Daily/Weekly: Strong Buy on TradingView & Investing.com

Oscillators: RSI ~55 (neutral), MACD positive; stochastic indicators slightly sell-leaning

Chart Structure: Broke out of tight channel; EMAs stacked bullish (20/50/100/200), but RSI is **overbought (~87)**

Support/Resistance:

Support zone: $0.015–$0.020 (EMA 20/50 area), near $0.0196–$0.0152

Short-term resistance: $0.035–$0.040; breakout above opens path to $0.05–$0.07

---

🎯 Trading Strategy

🟢 Long / Swing

Entry: Around $0.0300–$0.0320 on a mild pullback

Stop Loss: $0.0280 (just below recent support)

Targets:

1. TP1: $0.035 (near-term resistance)

2. TP2: $0.040–$0.045

3. TP3+: $0.055–$0.070 (if momentum continues)

⚡ Breakout Play

Entry: On clean breakout above $0.035 with strong volume

Stop: $0.032

Target: $0.045 → $0.055

⚠️ Defensive / Pullback Strategy

If RSI remains overbought and price fails at resistance:

Short entry: $0.035–$0.036

Stop: $0.038

Target: $0.030 → $0.025 (retesting EMA zone)#ArbitrageTradingStrategy