$PENGU /USDT, tailored for traders:
$PENGU/USDT – CONSOLIDATION ZONE BEFORE NEXT MOVE | WATCH $0.0345 CLOSELY
$PENGU is trading at $0.03414, showing a slight +0.60% gain over the past 24 hours. After a rejection from $0.03645, price is now consolidating within a tight range, holding above near-term support at $0.0335.
KEY TECHNICAL LEVELS:
Resistance 1: $0.03645 (24h High)
Resistance 2: $0.03550–$0.03580 (minor supply zone)
Support 1: $0.03355 (local support)
Support 2: $0.03240 (24h Low / deeper retrace zone)
TRADE SETUP – RANGE-BASED STRATEGY
LONG IDEA (If Support Holds):
Entry: $0.0338–$0.0342 (support zone)
Take-Profit (TP):
TP1: $0.0352
TP2: $0.0364
Stop-Loss (SL): $0.0323
SHORT IDEA (If Rejected Near Resistance):
Entry: $0.0355–$0.0358
TP: $0.0338
SL: $0.0366
> MACD shows flattening momentum. BOLL bands narrowing suggest a breakout move is near. Volume holding steady but needs expansion for trend confirmation.
RISK MANAGEMENT: Use 1–1.5% risk per trade. Confirm direction with a breakout candle and volume before entering full position.
is in a decision zone. Breakout above $0.0365 = bullish continuation. Breakdown below $0.0324 = short-term correction ahead.
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