$PENGU Checking Resistance, Watching for a Breakout
Long PENGU Trading Plan (10x)
Entry: 0.00910 – 0.00925
SL: 0.00885
TP1: 0.00945
TP2: 0.00975
TP3: 0.01020
The bounce from the recent bottom is still being maintained, with buyers continuously creating higher lows and keeping momentum upward. The price is currently near a key resistance zone. An increase in volume here could trigger the next upward move.
The stop loss is placed below 0.00885, a relatively clean area. If this level is breached, the long scenario will be invalidated.
Step-by-step targets: 0.00945 → 0.00975 → 0.01020. Each take profit (TP) is quite far apart (~2-5% from entry), be patient and take profits gradually.
The distance from entry to stop loss (SL) is quite close (~2.7-4.3%). Enter small orders and cut losses correctly.
Checking resistance for a breakout? Have you entered yet? Comment to discuss! 🚀