$PENGU /USDT BULLISH ANALYSIS – LONG SETUP AS MOMENTUM BUILDS ABOVE SUPPORT

$PENGU is currently trading at $0.035792 (+4.87%), showing strength and bullish momentum after bouncing from key support levels. Price is holding above short and mid-term moving averages, signaling potential continuation to the upside.

🔍 KEY LEVELS:

Current Price: $0.035792

Support Levels:

$0.03488 (MA7 – short-term dynamic support)

$0.03412 (MA25 – confirmed bounce zone)

$0.03240 (24h low – strong demand zone)

Resistance Levels:

$0.03645 (24h high – minor resistance)

$0.03771 – $0.03910 (next breakout zones)

$0.03657 (MA99 – critical breakout level)

📈 MOVING AVERAGES:

MA(7): $0.03488 (acting as support)

MA(25): $0.03412 (solid bounce confirmation)

MA(99): $0.03657 (resistance to watch for bullish breakout)

✅ BULLISH OUTLOOK:

is showing higher lows and holding firm above its MA(25), suggesting renewed buying interest. If price breaks and holds above the MA(99) at $0.03657, it could open the door to retesting recent highs near $0.0391 or even push higher.

The strong 24h volume (6.05B PENGU) and bullish candle formations support continuation.

🚀 TRADE SETUP (LONG):

Entry: $0.03550 – $0.03580 (on minor pullback or consolidation)

Stop Loss (SL): $0.03410 (below MA25 & previous structure)

Targets (TP):

TP1: $0.03657 (MA99 test)

TP2: $0.03771

TP3: $0.03910 (recent swing high)

📌 RISK MANAGEMENT:

Risk only 1–2% of capital per trade

Use stop loss below the most recent higher low

Adjust SL to **breake

#TrumpTariffs #MarketPullback #EthereumTurns10 #BNBATH $PENGU