🚀 PENGU Bullish Focus 📈
**Trading Plan:**
Bias: Bullish
Entry: 0.008600 - 0.008680
Stop Loss: 0.008550
Take Profit 1–Take Profit 3: 0.008820 / 0.008950 / 0.009000
**Technical Analysis:**
Although PENGU is in a short-term downtrend on the 15-minute chart, the price has found support around the 0.008582 level and has shown a rebound. A key bullish signal is the clear bullish divergence formed on the RSI and MACD indicators, suggesting that the downward momentum is waning and indicating a potential trend reversal. The confirmation signal would be a decisive breakout above the EMA resistance zone (around 0.008713 - 0.008839).
**Invalidation Conditions:**
This bullish outlook will only be invalidated if the price decisively breaks below 0.008550.
PENGUUSDT
Perp
0.008723
-1.93%