BlockchainBaller
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Bearish
$PENGU /USDT Hovering at $0.014038 – Consolidation Before Next Move.... $PENGU /USDT is down 10.30%, trading at $0.014038, as it moves within a tight range, showing signs of potential consolidation. The price is testing a key resistance at $0.014400, with a critical support level at $0.013266.
Key Levels to Watch:
Resistance: $0.014400 – A breakout could target $0.015000 and $0.015800.
Support: $0.013266 – Failure to hold could lead to a drop toward $0.012800.
Trade Setup:
Long Entry: Above $0.014400, targeting $0.015000 and $0.015800. Stop-loss at $0.013800.
Short Entry: Below $0.013266, targeting $0.012800 and $0.012200. Stop-loss at $0.013600.
Technical Indicators:
RSI: At 61.83, indicating bullish momentum but nearing overbought conditions.
MACD: Showing slight bullish crossover, suggesting potential upward movement.
Keep an eye on the $0.014400 resistance level for a breakout confirmation. Risk management is crucial as the market shows mixed signals.
#PENGU
Key Levels to Watch:
Resistance: $0.014400 – A breakout could target $0.015000 and $0.015800.
Support: $0.013266 – Failure to hold could lead to a drop toward $0.012800.
Trade Setup:
Long Entry: Above $0.014400, targeting $0.015000 and $0.015800. Stop-loss at $0.013800.
Short Entry: Below $0.013266, targeting $0.012800 and $0.012200. Stop-loss at $0.013600.
Technical Indicators:
RSI: At 61.83, indicating bullish momentum but nearing overbought conditions.
MACD: Showing slight bullish crossover, suggesting potential upward movement.
Keep an eye on the $0.014400 resistance level for a breakout confirmation. Risk management is crucial as the market shows mixed signals.
#PENGU
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PENGU
0.035832
+5.08%