🔎 Chart Analysis (PENGUUSDT)
Current Price: $0.0345 (~₹3.04)
24h Range: High $0.0370 / Low $0.0343
Short-Term Trend (4H + 1D):
Price dropped from $0.0396 to $0.0345.
Lower-highs forming → bearish pressure.
Support: $0.0320 – $0.0330
Resistance: $0.0370 – $0.0390
1M Chart (Bigger Picture):
Long-term still bullish (+300% in 90 days, +464% in 180 days).
But short-term correction is active.
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📌 Trade Setup
🔴 Short Trade (Best for Now)
Entry: $0.0345 – $0.0350
Target 1: $0.0335
Target 2: $0.0322 (major support)
Stop Loss: $0.0372 (above resistance)
👉 Risk/Reward around 1:2
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🟢 When to Go Long?
Only if price breaks above $0.0375 with strong volume.
Entry: $0.0375 – $0.0380
Target 1: $0.0410
Target 2: $0.0470 (monthly resistance)
Stop Loss: $0.0350
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🔔 Conclusion
Now → SHORT is safer (bearish pressure).
Go LONG only above $0.0375 breakout.
