- Return of the bulls and increasing momentum
Once again, momentum is regaining its strength. Bulls have regained their momentum after a strong rebound from the support area at $0.03240. If this move continues, we may soon see a breakout above $0.040, potentially leading to a new all-time high.
Trading Setup:
Entry Area: $0.03550 - $0.03610
Stop Loss: Below $0.03400
Target 1: $0.03880
Target 2: $0.04050
Target 3: $0.04280
Risk Management Advice:
Use a stop-loss order to control risk. Risk only 1% to 2% of your capital. Be patient and don’t chase - wait for clear confirmation above $0.0362 for further strength.
If momentum continues, it may enter $PENGU
the price discovery area. Keep an eye on it closely.