📊 PENGU/USDT Technical Analysis 🐧
The 5-minute chart shows sideways movement with low volatility. The key levels to monitor are 0.0335 USDT as resistance and 0.0327 USDT as support. Price compression suggests a breakout is coming, offering opportunities for both long and short trades.
🟢 Long Setup: A breakout above 0.0336 USDT 📈
could push PENGU to 0.0344 USDT🎯.
To manage risk, a stop loss at 0.0332 USDT 🔒 would be prudent.
Watch for increasing volumes to confirm momentum.
🔴 Short Setup: If the price drops below 0.0326 USDT 📉,
it may test 0.0318 USDT 🎯. A stop loss near 0.0330 USDT 🔒 can help limit potential losses.
Selling pressure and strong volume would validate this move.
With volumes playing a critical role, the range between 0.0327 USDT and 0.0335 USDT remains the battlefield for bulls and bears. The next breakout will set the tone for PENGU's short-term direction 🐧🚀. Stay focused, traders! 📊
