🚨 $PENGU /USDT ALERT: Testing Support at $0.01157 – What's Next? 🚨
$PENGU /USDT is trading at $0.01157, down 12.06% over the last 24 hours, with a 24-hour low of $0.01151. The bearish sentiment has dominated, but key support levels are being tested, hinting at potential opportunities.
Key Levels to Monitor:
Resistance: $0.01200 – Breaking above could target $0.01250 and $0.01300.
Support: $0.01150 – A fall below may see $0.01130 and $0.01100 as next targets.
Trade Strategy:
Long Entry: Above $0.01170, aiming for $0.01200 and $0.01250.
Short Entry: Below $0.01150, targeting $0.01130 and $0.01100.
Risk Management:
Stop-loss: $0.01165 for both setups.
Market Insight:
The MACD shows weak momentum, indicating the bearish trend might persist unless a strong breakout occurs. Watch for any significant volume surge to confirm directional moves.