$PENGU 🚀 BULLISH MOMENTUM 🚀

Chart Overview

The current structure shows PENGU forming a bullish flag, with resistance around $0.045 and solid support near $0.035. This range has held during consolidation, suggesting the potential for a breakout setup.

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Fibonacci Levels (Retracements & Extensions)

Given PENGU's recent low ($0.07), important Fibonacci levels include:

38.2% Retracement: ~$0.029

50% Retracement: ~$0.0365

61.8% Retracement: ~$0.0372–$0.0375 (also overlapping with resistance)

127.2% Extension: ~$0.052

2.0–2.618 Extensions: ~$0.045 → $0.046–$0.047 target zone

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Trade Setup Strategies

1. Breakout Long (Momentum Setup)

Entry: Upon clean break and close above $0.045 with good volume

Stop-Loss: Below $0.037

Targets:

T1: $0.052 (127% extension)

T2: $0.060–$0.070 (higher extensions/psychological zones)

2. Pullback Long (Conservative Entry)

Entry Zone: $0.036–$0.038 (50–61.8% Fib, strong confluence area)

Stop-Loss: Below $0.035

Targets:

T1: $0.045

T2: $0.052

T3: $0.060–$0.070

Tips & Risk Management

Confirm breakout strength with volume surge and momentum indicators like RSI or MACD.

Risk should be capped at 1–2% of trading capital per setup.

Fibonacci levels are best paired with other confirmation tools (trendlines, chart patterns).

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