$PENGU /USDT Bullish Momentum Awakens โ Steady Climb with Breakout Signals๐๐
Current Price: 0.01299 USDT
Timeframe: 1H & 4H โ
Change: +2.69% Today
$PENGU has shown strong buyer activity across both the 1H and 4H timeframes, pushing the price toward 0.01300 resistance with consistent green candle formations. Bollinger Bands are widening, suggesting increasing volatility, while price is holding above the mid-band, indicating short-term bullish control.
๐The 1H stochastic RSI has entered the overbought zone (88.82), signaling strong momentum, but a possible short retracement may follow before continuation. Meanwhile, the 4H stochastic RSI remains supportive (79.24), suggesting room for sustained push in the medium term.
๐Key resistance remains at 0.01305โ0.01350. A breakout above this level could trigger a quick rally toward 0.01400. On the downside, strong support is forming near 0.01266 and the mid-band of 4H Bollinger. This zone may act as a re-entry point for dip buyers.
Trade Setup Insight:๐งโ๐ซ
If price holds above 0.01280, consider a short-term long with SL below 0.01260. Volume build-up supports breakout optimism.
Why Bullish?๐ค๐ฅ
Higher lows on both 1H and 4H
Increasing volume and volatility
RSI & Stochastic bullish crossover
Breakout retest pattern forming
Takeaway:๐จโ๐ซ
$PENGU is showing breakout characteristics with volume confirmation. Monitor closely for a push above resistance โ if confirmed, this could be the start of a larger bullish wave.
๐จโโค๏ธโ๐จโConfidence is built through clarity โ let the chart speak before you act.โ
โ Trade with discipline, not emotion.
Disclaimer: โ ๏ธ
This is not financial advice. Always DYOR and manage your risk wisely.
