$PENGU Spot Long Signal – Daily Timeframe

✅️Entry Price: $0.03442

❌️Stop Loss (SL): $0.03190

💯Take Profit Targets (TP):

🟢• TP1: $0.04040

🟢• TP2: $0.04660

🟢• TP3: $0.05400

This trading setup suggests a long position on $PENGU, meaning the expectation is that the price will rise from the entry point.

Key Technical Insight:

The signal is based on a clean bounce from local support, indicating that the price has recently rebounded from a level where buying interest has previously been strong. This rebound is showing early signs of a trend reversal, which hints at a potential shift from bearish to bullish momentum.

If trading volume increases (a key confirmation signal for breakouts and reversals), there's a higher probability that $PENGU will retest recent highs (around the TP levels) and possibly continue to new highs beyond TP3.

--- #pengu

Risk Management:

The stop loss at $0.03190 limits downside risk in case the reversal fails.

The three take-profit targets offer scaling opportunities, allowing traders to lock in profits progressively as the price moves in their favor.

This is a bullish technical setup with a favorable risk-to-reward ratio, assuming volume and momentum align with the signal.