🚨 $PENGU /USDT ALERT: Breaking Down to $0.011377 – Will the Fall Halt? 🚨
$PENGU /USDT is trading at $0.011377, down 12.35%, testing its recent low of $0.011223. Bearish pressure dominates, with MACD showing extended downward momentum.
Key Levels to Watch:
Resistance: $0.01175 – A breakout above this level could aim for $0.01213 and $0.01250.
Support: $0.01122 – A drop below could extend to $0.01100 and $0.01080.
Trade Ideas:
Long Entry: Above $0.01160, targeting $0.01175 and $0.01213.
Short Entry: Below $0.01122, targeting $0.01100 and $0.01080.
Risk Management:
Stop-loss: $0.01140 for longs and $0.01150 for shorts.
Market Insight:
With the price nearing critical support, a relief bounce might be on the horizon. However, without a reversal in selling momentum, the bearish trend could intensify.