### ๐ $PENGU : Macro Base Formation Detected!
$PENGU is currently showing a classic accumulation pattern on the 1M timeframe. We are observing a critical base formation that could signal a major trend reversal.
**Key Technical Levels:**
๐น **Support Zone:** 0.00750 - 0.00850 USDT
๐น **Trigger Level:** 0.01050 USDT (Breakout Confirmation)
๐น **Resistance:** 0.01500 USDT
๐น **Targets:** 0.01800 USDT / 0.03500 USDT
**Analysis:**
The asset is currently testing a major demand zone. With selling pressure waning, we are looking for a decisive break above the trigger level to confirm the start of a new bullish cycle.
โ ๏ธ **Risk Management:** Always use a stop loss. Invalidation occurs on a monthly close below 0.00680 USDT.
Stay tuned for updates!
โ NOUMAN_DON (@NOUMAN_DON)
#pengu
#CryptoAnalysis #BinanceSquare #altcoins
$PENGU is currently showing a classic accumulation pattern on the 1M timeframe. We are observing a critical base formation that could signal a major trend reversal.
**Key Technical Levels:**
๐น **Support Zone:** 0.00750 - 0.00850 USDT
๐น **Trigger Level:** 0.01050 USDT (Breakout Confirmation)
๐น **Resistance:** 0.01500 USDT
๐น **Targets:** 0.01800 USDT / 0.03500 USDT
**Analysis:**
The asset is currently testing a major demand zone. With selling pressure waning, we are looking for a decisive break above the trigger level to confirm the start of a new bullish cycle.
โ ๏ธ **Risk Management:** Always use a stop loss. Invalidation occurs on a monthly close below 0.00680 USDT.
Stay tuned for updates!
โ NOUMAN_DON (@NOUMAN_DON)
#pengu
#CryptoAnalysis #BinanceSquare #altcoins
