$PENGU : Short Liquidation Sparks Momentum! 🟢

📊 $8.422K short liquidated at $0.04455, indicating strong bullish activity in the market. This could open the door for a major upside move in PENGU. Let's plan the next steps!

Key Levels to Watch

Support Zone: $0.04350 - $0.04450 (Should hold for bullish continuation).

Resistance Zone: $0.04600 - $0.04750 (Breakout Zone).

Possible Targets After Breakout:

1. $0.05000 (Short Term).

2. $0.05500 (Medium Term).

3. $0.06500 (Long Term).

$PENGU Trading Plan

Buy Zone

Dip Entry: $0.04350 - $0.04450 (if price tests support again).

Breakout Entry: Add positions above $0.04600 after breakout confirmation.

Targets

1. Target 1: $0.05000

2. Target 2: $0.05500

3. Target 3: $0.06500

Stop Loss

Stop Loss Level: $0.04300 (below support to reduce risk).

What's Next?

1. Bullish Scenario:

If PENGU sustains above $0.04450 and breaks $0.04600, expect a recovery towards $0.05000 and beyond.

2. Bearish Scenario:

A fall below $0.04300 could lead to further decline—avoid buying in this case.

💡 Tips:

Volume Confirmation: Look for strong buying volume during a breakout above $0.04600.

Risk Management: Stick to stop losses and trading sizes to protect your capital.

$PENGU Gaining Strength—Be Ready for the Next Big Opportunity! 🎯

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