$PENGU UPDATE 🐧Spot holders get Attentive 🚨
PENGU is now sitting at a very important higher-timeframe breakout area.
The major descending trendline and horizontal resistance are around $0.0093–$0.0096.
If PENGU gets a clean 4H/Daily breakout and holds above $0.0096, I will consider the higher-timeframe breakout confirmed.
On the lower timeframe, price is already extended after a strong move, so a short-term pullback/retest can happen first. That pullback would not automatically make the chart bearish it can simply be a retest before continuation.
Breakout level: $0.0096
TP1: $0.0108
TP2: $0.0130
TP3: $0.0150
TP4: $0.0160
TP5: $0.0200
The most important thing now is whether PENGU can break $0.0096 and turn it into support.
If that happens, the bigger upside move can start.
Best plan is to buy In spot at different prices . Maximum pullback can happen towards 0.0080 ..so Scale your entry
Always DYOR and never invest all in one trade
Click here and buy in spot 👉$PENGU
#pengu
PENGU is now sitting at a very important higher-timeframe breakout area.
The major descending trendline and horizontal resistance are around $0.0093–$0.0096.
If PENGU gets a clean 4H/Daily breakout and holds above $0.0096, I will consider the higher-timeframe breakout confirmed.
On the lower timeframe, price is already extended after a strong move, so a short-term pullback/retest can happen first. That pullback would not automatically make the chart bearish it can simply be a retest before continuation.
Breakout level: $0.0096
TP1: $0.0108
TP2: $0.0130
TP3: $0.0150
TP4: $0.0160
TP5: $0.0200
The most important thing now is whether PENGU can break $0.0096 and turn it into support.
If that happens, the bigger upside move can start.
Best plan is to buy In spot at different prices . Maximum pullback can happen towards 0.0080 ..so Scale your entry
Always DYOR and never invest all in one trade
Click here and buy in spot 👉$PENGU
#pengu
