$PENGU /USDT ā Strategic Positioning at Base-Level Support š§š§
A $1.5617K buy executed at $0.03416 points to accumulation at the lower edge of the current range ā typically a sign of quiet confidence from tactical buyers looking to enter before a potential upside rotation.
š Technical Overview:
Accumulation Price: $0.03416
Order Size: $1.5617K
Immediate Resistance: $0.0360 ā Local range cap
Major Resistance: $0.0400 ā Previous breakout failure zone
Support Zone: $0.0325 ā Long-term demand shelf
āļø Trade Setup (Reversal + Breakout Potential):
Entry Range: $0.03380 ā $0.03440
Stop Loss: $0.0320 (beneath structural support)
Take-Profit Targets:
šÆ TP1: $0.0362
šÆ TP2: $0.0395
šÆ TP3: $0.0435
š” Pro Tip: A confirmed 4H close above $0.0360 could act as the breakout signal. If volume expands with momentum, price could rotate toward the $0.04+ range quickly. Until then, risk is minimal as long as price holds above $0.0325.
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