🚀 $PENGU – LONG TRADE ALERT! STRONG SUPPORT HOLDING
$PENGU has just bounced off a key support zone around 0.0329 – 0.0332, showing some serious buying power. After a few red candles, the price is now consolidating near this level – a classic sign that smart money might be accumulating before the next move up.
On the 4H chart, the structure hints at a potential reversal if momentum picks up above 0.0340. Bulls are defending this zone hard, and sellers are starting to fade, evident from the lower wick rejections forming on the candles.
📈 Trade Setup – Go Long
Entry Zone: 0.0332 – 0.0336
Take Profit 1: 0.0348
Take Profit 2: 0.0360
Take Profit 3: 0.0375
Stop Loss: Below 0.0328
🔑 Risk Management Tips
Keep your exposure to 2–3% of capital per trade. Consider trailing your stop once TP1 is hit. If the support gives way, don’t hesitate – protect your capital!
💡 Market Insight:
If $PENGU keeps holding this structure, the upside potential looks very healthy, with multiple targets offering great risk-to-reward. This could be the start of a thrilling bullish leg!
