$PENGU /USDT – 4H Trade Setup

Market Insight:

$PENGU is consolidating near the short-term MAs, with a slight bearish tilt. Price is hovering around the 7- and 25-MA lines, showing indecision after recent sell pressure near the resistance zone of 0.0337–0.0340. Volume has declined but remains relatively healthy.

Entry Zone:

🔹 0.0302 – 0.0295

Wait for a potential retest of the lower range, ideally with a bullish candle confirmation.

Targets:

🎯 Target 1: 0.0315

🎯 Target 2: 0.0326

🎯 Target 3: 0.0337

Stop Loss:

❌ Below 0.0289 (clearly under the recent swing low and 0.0294 support)

Key Levels:

Support: 0.0295 / 0.0289

Resistance: 0.0315 / 0.0337

Pivot Zone: 0.0307 – acting as a short-term decision area

Pro Tip:

If volume increases on a bounce from 0.0300–0.0295, it could confirm accumulation. For aggressive traders, a breakout above 0.0338 with strong volume can signal a momentum play toward 0.035+.

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