🐧 $PENGU /USDT 4H Trade Setup

Market Insight:

$PENGU is trading at 0.03107, down -6.28% in the last 24h. The price is slightly below the short-term MAs (7, 25), hinting at short-term weakness, but still above the MA(99), indicating medium-term trend support. The high 24h volume (6.31B PENGU) signals active trading interest despite the pullback.

🎯 Entry Zone:

0.02930 – 0.03050

(Prefer entries closer to 0.02930 near the 4H support level.)

📈 Targets:

Target 1: 0.03240 (near resistance and previous support flip)

Target 2: 0.03400 (recent high range)

Target 3: 0.03540 (extended upside with volume spike)

🛑 Stop Loss:

0.02860

(Just below the 24h low to protect against breakdowns.)

📌 Key Levels:

Support: 0.02890 / 0.02930

Resistance: 0.03240 / 0.03400

Pivot: 0.03118 (MA7)

💡 Pro Tip:

Watch for bullish engulfing candles or high volume wicks near 0.0293–0.0300 for confirmation. Avoid entering during heavy sell-offs; instead, look for consolidation before breakout.

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