EmmaCalls
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Bullish
$PENGU Major Rejection at the Top, Caution Ahead!
PENGU just printed a rejection candle after hitting resistance near 0.03124, now pulling back below the 0.03075 mark. The volume spike hints at profit-taking, and sell pressure dominates (88.19%).
Key Levels to Watch
Resistance Zone: 0.03120 – 0.03200
Support Zone: 0.03030 – 0.02970
Trade Setup
Bullish Entry: Break above 0.03130 with volume
TP1: 0.03200
TP2: 0.03260
Bearish Entry: Breakdown below 0.03030
TP1: 0.02970
TP2: 0.02910
PENGU’s momentum is cooling off after a sharp pump. If buyers don’t step in around 0.03030, this could dip further. Wait for clear breakout confirmation before re-entry. Stay sharp—this one’s volatile.
#TradingStrategyMistakes
#StrategyBTCPurchase
#MemecoinSentiment
{spot}(PENGUUSDT)
PENGU just printed a rejection candle after hitting resistance near 0.03124, now pulling back below the 0.03075 mark. The volume spike hints at profit-taking, and sell pressure dominates (88.19%).
Key Levels to Watch
Resistance Zone: 0.03120 – 0.03200
Support Zone: 0.03030 – 0.02970
Trade Setup
Bullish Entry: Break above 0.03130 with volume
TP1: 0.03200
TP2: 0.03260
Bearish Entry: Breakdown below 0.03030
TP1: 0.02970
TP2: 0.02910
PENGU’s momentum is cooling off after a sharp pump. If buyers don’t step in around 0.03030, this could dip further. Wait for clear breakout confirmation before re-entry. Stay sharp—this one’s volatile.
#TradingStrategyMistakes
#StrategyBTCPurchase
#MemecoinSentiment
{spot}(PENGUUSDT)
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