🐧 #PENGU – "The 'Dumb' Baby" is Rising Like Crazy: What is the Next Trend?
(Technical Analysis + Entry Plan)
Although it's called "the dumb baby" (PENGU), this NFT is making the entire market... look up with a 266% increase in 90 days.
👉 Will this increase continue? And how to enter at the right timing?
📊 1. Technical Analysis (4H timeframe)
• Main trend: Strong uptrend, clear price structure
• Current price: $0.01678 (up 5.93% in 24h)
• MA structure: MA7 > MA25 > MA99 → confirms strong uptrend
• Nearest resistance: $0.0172
• Volume: Slightly decreasing → accumulating or slight retracement
✅ #PENGU is still in a beautiful uptrend structure, with no signs of top distribution.
🎯 2. Specific Trading Plan
🍒 Scenario 1: Breakout in trend (Long along the momentum)
• Entry: $0.0173 (after breaking out of $0.0172 & strong volume increase)
• Stop Loss: $0.0164
• Take Profit:
– TP1: $0.0183
– TP2: $0.0192
– TP3: $0.0205
📌 Only enter when the 4H candle closes above $0.0172 & there is confirmation of large volume.