$PENGU /USDT BULLISH SETUP ā READY FOR A BREAKOUT š
PENGU is trading at $0.016078, posting a +11.81% gain in the last 24 hours, backed by massive volume (7.32B PENGU) and increased market interest in NFT-related tokens. After bouncing strongly from the $0.013798 low, the price is now consolidating just below key resistance, hinting at a potential breakout continuation.
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š KEY LEVELS (Binance):
Current Price: $0.016078
Support Levels:
šø $0.01500 ā Local support and previous demand zone
šø $0.01380 ā Strong base support (24h low)
Resistance Levels:
š¹ $0.01680 ā Immediate resistance / 24h high
š¹ $0.01750 ā Next resistance if momentum continues
š¹ $0.01880 ā Major breakout level
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š TRADE SETUP:
Bias: ā BULLISH
Entry: Market buy around $0.0160 or on dip to $0.0152
Targets:
šÆ T1: $0.01680
šÆ T2: $0.01750
šÆ T3: $0.01880
Stop Loss: š» $0.01450 (below structure and invalidation level)
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āļø RISK MANAGEMENT:
Risk only 1ā2% of your capital on this trade
Monitor volume for confirmation on breakout above $0.01680
Move SL to entry after T1 to secure profit
Avoid chasing if price pumps without structure
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š„ Conclusion: PENGU is showing strong bullish intent with NFT hype and volume surging. A breakout above $0.01680 could ignite a rapid move toward $0.018+. Watch closely and ride the wave, but protect your capital.
š Momentum + Volume = Opportunity š„
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