$PENGU USDT – PULLBACK OR PREP FOR LIFT-OFF? BULLISH BOUNCE ZONE NEAR!
SHORT-TERM DIP TESTING SUPPORT NEAR EMA(99)
STRONG REBOUND RECENTLY FROM $0.0287 LOW
The $PENGU USDT pair has recently pulled back after touching $0.0326, now hovering around $0.0308. Price is nearing the dynamic support from the EMA(99) and previously bounced sharply from the $0.0287 level, indicating bulls are active on dips. Consolidation above EMA(99) can trigger a renewed upside.
LONG SETUP:
📈 Entry: $0.0307 – $0.0308
🎯 Target 1: $0.0319
🎯 Target 2: $0.0326
Stop Loss: $0.0301
Bullish structure remains intact as long as EMA(99) holds. Look for confirmation candles on the next hourly close for better risk-reward entries.
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