$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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