$PENGU Drops to Major Support – Bounce Play or Further Slide?

$PENGU is trading at $0.03259 after a sharp 3.35% dip, now sitting on a critical support level. The recent wick shows buyer interest, suggesting a potential short-term bounce. If bulls step in here, price could quickly retest $0.03400+. However, a break below $0.03200 could lead to deeper downside in the near term.

Trade Setup:

Entry (Long): $0.03220 – $0.03270

Stop Loss: $0.03160

Target 1: $0.03380

Target 2: $0.03460

Target 3: $0.03580

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