$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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