🔍 $PENGUUSDT Analysis

📉 4 Days Ago:

🔸Market Structure: Price was consolidating inside a demand zone after a 29% drop.

🔺Liquidity Grab: Strong wick rejections from ~$0.0316 showed smart money accumulating.

🔸Break of Structure (BoS): No clear BoS yet, market was coiling for a breakout.

📈 Current Chart:

Price: $0.03719

🔸Market Structure Shift: Clean higher lows + higher highs confirmed.

🔺Bullish Breakout Setup:

Price is retesting the key breaker block at ~$0.0379.

Break and close above this zone → confirms continuation of the uptrend.

🟢Supply Zone (Resistance): Heavy supply around $0.0400–0.0440 (watch for reaction here).

❇️Support: $0.0340 & major demand at $0.0316

📌 Trade Setup:

❇️Entry: On break and retest of $0.03790

🎯Targets:

TP1: $0.0400

TP2: $0.0428

TP3: $0.0458

Stop Loss: Below $0.0345 (invalidate bullish structure)

📊 Strategy:

Trade with confirmation only.

Use volume spikes + SMC structure + price action for entries.

Avoid entering early within supply zones unless there’s a clean BoS and mitigation.

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