💥$PENGU /USDT Testing Resistance After a Remarkable +23.48% Surge!🔥

🌟Current Price: 0.010554 USDT (+23.48%)

🌟24-Hour High: 0.010875 USDT (Critical resistance zone)

🌟24-Hour Low: 0.008513 USDT (Key support level)

Volume (24H):

🌟PENGU: 4.77 Billion

🌟USDT: 46.32 Million

⚡The pair has shown a substantial rally, with the price closing in on its 24-hour high, showcasing bullish strength fueled by significant trading volume.

⚡Technical Indicators 🧩

1. Bollinger Bands: Widened, indicating increased volatility and breakout potential

2. RSI: Likely approaching overbought levels; watch for potential corrections or reversals

3. MACD: Positive divergence reflects upward momentum.

4. Yellow Zones: Highlight support and resistance areas critical for near-term price action.

⚡Trading Setup 📝

🎖️Bullish Scenario

Type: Breakout Trade

👉Entry Point: Above 0.010600 USDT (validated with rising volume)

👇Take-Profit Targets:

🎯TP1 (1:1): 0.010800 USDT

🎯TP2 (1:2): 0.011000 USDT

💢Stop Loss: Below 0.010400 USDT

🎖️Bearish Scenario

Type: Pullback Trade

👉Entry Point: Below 0.010400 USDT (confirmed rejection at resistance)

👇Take-Profit Targets:

🎯TP1 (1:1): 0.010200 USDT

🎯TP2 (1:2): 0.010000 USDT

💢Stop Loss: Above 0.010600 USDT

⚡Risk Management Strategy ⚠️

For the Bullish Setup, adjust Stop Loss to Breakeven after achieving TP1 (0.010800 USDT) and secure partial profits (~50%)

For the Bearish Setup, reduce risk by moving Stop Loss to Entry upon reaching TP1 (0.010200 USDT)

⚡Key Takeaways ✍️

1. Ensure strong trading activity accompanies breakout or pullback moves to avoid false signals.

2. Watch the 0.010875 USDT resistance zone closely; a decisive breach could unlock extended upside potential.

3. Maintain disciplined risk management amid heightened volatility.

Disclaimer: #DYOR*

Buy Or Trade With Me On $PENGU

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