🚨 PENGU/USDT: Bullish Momentum Testing Key Resistance! 🚀
$PENGU /USDT - LONG
Trade Plan:
Entry: 0.007750 – 0.007950
SL: 0.007300
TP1: 0.008189 (24h High)
TP2: 0.008500
TP3: 0.009000+
The Logic:
The 4h chart for $PENGU shows a strong bullish recovery, currently trading at 0.007895 with a +7.69% gain. The price has successfully reclaimed all major moving averages, holding firmly above the MA(7) (0.007811), MA(25) (0.007467), and MA(99) (0.007075). This "bullish stack" of MAs suggests a solid trend continuation. While there was a slight rejection at the 24h high of 0.008189, the rising volume and higher lows indicate that bulls are gearing up for another breakout attempt.
Debate:
Can $PENGU flip the 0.0082 level into support for a parabolic move, or will this local top lead to a consolidation phase back toward the MA(25)? Let’s hear your take! 👇
Click here to Trade 👇️
