$PENGU /USDT 4H Trade Setup
Market Insight:
$PENGU is up a sharp +28.19%, with strong bullish volume (6.65B tokens traded) and testing resistance at 0.03975. The move is steep, suggesting either a breakout rally continuation or a pullback from overbought conditions.
🔹 Entry Zone:
0.03600 – 0.03810
(Wait for a retrace toward minor support at 0.03811 or a consolidation before continuation)
🎯 Targets:
Target 1: 0.04200
Target 2: 0.04550
Target 3: 0.04900
🔻 Stop Loss:
Below 0.03400
(Breakdown under this zone invalidates near-term bullish structure)
🔑 Key Levels:
Resistance: 0.03975 / 0.04200
Support: 0.03811 / 0.03599
Pivot Level: 0.03850
💡 Pro Tip:
Avoid chasing green candles—volume spikes + tight consolidation around 0.0385 could offer the best R/R entry. Watch for a fakeout above 0.04023, which is likely to trigger some profit-taking before a true breakout.
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