$PENGU long Trade Analysis 🚀
Trade Setup (Scalp/Long on Breakout, 1% risk):
- Entry: $0.019 (now, range base). Small size for meme vol.
- Stop-Loss: $0.0175 (8% below, under support—quick cut).
- Target : $0.0227 (20% up, EMA high; partial at $0.021, trail). R:R 2.5:1.
Recent Action: Bounced from $0.020 low (Oct 30) to $0.022 high, now consolidating around $0.019. 7-day: -5%, vol $306M (high but declining). Historical: Launched Dec '24, peaked on airdrops/NFT buzz; 33% Sept crash, 9% Oct recovery attempt.
Technicals: RSI 59 (bullish, buy zone); MACD +0.00017 (positive crossover). EMA(12) $0.0195 (resistance), EMA(26) $0.020. Bollinger tight range—squeeze for 20% breakout potential. CCI neutral, ADX 38 (trending up); overbought risk if >$0.022.
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