🚀 $PENGU /USDT Trading Signal – Aiming for New Highs?
Current Price: $0.009352 (+13.63%)
24H High: $0.009524 | 24H Low: $0.008037
Order Book: 74.85% buyers vs. 25.15% sellers → Strong buy pressure
📊 Technical Snapshot Uptrend Confirmation: Trading above key MAs (MA7, MA25), indicating bullish momentum. Support Zone: $0.0090 - $0.0088 (recent consolidation area). Resistance Zone: $0.0095 - $0.0096 (24H high & psychological barrier). 📈 Potential Trade Setups
Pullback Entry
Buy Zone: $0.0090 - $0.0091 Rationale: A dip to support could offer a better risk/reward if the uptrend resumes.
Breakout Entry
Trigger: Above $0.0095 Rationale: A close above the recent high with volume could signal continuation toward $0.010+. 💡 Risk Management Stop-Loss: $0.0085 (Below key support to manage downside). Take-Profit Targets: $0.0096 - $0.0098 (Immediate upside) $0.0100+ (If bullish momentum holds)
⚠️ Final Thoughts:
PENGU shows strong bullish momentum, but keep an eye on volume and resistance at $0.0095. A confirmed breakout could lead to new highs, while a failure to hold support might trigger a pullback. Use stop-losses and stay alert!
