$PENGU /USDT is currently trading around $0.007316, up approximately +11.39% in the last 24 hours. After a clean breakout from the $0.00690–$0.00700 consolidation zone, price pushed strongly toward the $0.007337 intraday high, showing aggressive buying pressure.
On the 1H timeframe, we can clearly see consecutive bullish candles with higher highs and higher lows. Momentum is building, and buyers are defending pullbacks instead of allowing deep retracements. This structure typically signals continuation, especially if volume remains elevated.
Trade Setup
• Entry Zone: $0.00710 – $0.00725
• Target 1: $0.00750
• Target 2: $0.00780
• Target 3: $0.00820
• Stop Loss: $0.00685
If the $0.00735 breakout level is taken decisively with strong volume confirmation, the move can extend quickly. A sustained hold above this resistance could shift short-term market structure firmly bullish and open the door toward the $0.008+ region.
As always, manage risk carefully and wait for confirmation rather than chasing extended candles.
#CPIWatch #BTCMiningDifficultyDrop
