FUTURES SIGNALS BY JK 🚨⚠️🚀
**Entry Setup for $PENGU /USDT (Perpetual Contract)** 🐧🚨⚠️🚀🚀🚀🚀
Entry Strategy:
**Scenario 1: Pullback to Support (Conservative)**
- **Entry Zone:** **0.035350–0.035500 USDT** (near middle BB and recent support).
- **Targets:**
- TP1: 0.036072 (recent high)
- TP2: 0.038675 (upper BB)
- **Stop Loss:** Below **0.035000 USDT** (just under lower BB).
- **Leverage:** ≤10x (due to volatility).
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### **Risk Management:**
- **Position Size:** ≤2–3% of capital per trade.
- **Reduce Only:** Enabled (avoids adding to losing positions).
- **Timeframe:** Watch 5m/15m candles for confirmation.
**Note:** Monitor funding rate changes and BTC momentum for broader market cues. Adjust SL if price consolidates favorably.
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**DYOR**—This is not financial advice. 🚀
### **Key Observations:**
1. **Price Action:** Current price is hovering around **0.035915 USDT**, with slight resistance at **0.036072 USDT** (recent high) and support at **0.035347 USDT**.
2. **Bollinger Bands (20,2):**
- **Upper Band (UP):** 0.036675
- **Middle Band (MB):** 0.035358
- **Lower Band (DN):** 0.034041
- Price is currently above the middle band, suggesting a neutral-to-bullish bias.
3. **Order Book:** Strong bids at **0.035906–0.035910 USDT** (accumulation zone) and asks thinning above **0.035916 USDT**.
4. **Funding Rate:** Slightly negative (-0.0416%), indicating potential short-term downward pressure but not extreme.