$PENGU / USDT ā Still Flying High! š
$PENGU continues its incredible run, currently trading at $0.013676, up by a massive +44.64%! The 4-hour chart shows relentless bullish momentum with strong green candles pushing the price even higher.
Potential Continuation:
Observation: The uptrend remains very strong with no significant signs of slowing down yet. Volume continues to be high, supporting the move.
Possible Considerations (Exercise Caution):
Entry: Entering now carries significant risk due to the already large move. Consider potential entries on very short-term pullbacks, but be mindful of the volatility.
Target 1: $0.0140 (psychological level)
Target 2: Open target, watch for potential resistance levels as it climbs.
Stop Loss: Given the volatility, a wider stop-loss might be necessary, but consider placing it below recent swing lows to protect profits, perhaps around $0.0130 or lower depending on your risk tolerance.
Key Observation: The momentum is exceptionally strong. However, such rapid gains can be followed by sharp corrections. Trade with extreme caution and manage your risk diligently.
Remember to conduct your own thorough analysis before making any trading decisions. Enjoy the ride if you're already in!
