$PENGU long watch: support zone 0.008958–0.008990 on the 4H 👀
This zone matters for buyers to defend. I'm watching for a bounce here, as momentum has reset.
Why this level:
- Daily trend is up; price above EMA200 at 0.00792
- 1H RSI at 34 shows room to bounce
- Risk 2.2% to SL vs 3.5% to TP3, about 1.6R if it plays out
🟢 LONG · Entry 0.008958–0.008990 · TP 0.009091 / 0.009168 / 0.009285 · SL 0.008780
NFA · DYOR
This zone matters for buyers to defend. I'm watching for a bounce here, as momentum has reset.
Why this level:
- Daily trend is up; price above EMA200 at 0.00792
- 1H RSI at 34 shows room to bounce
- Risk 2.2% to SL vs 3.5% to TP3, about 1.6R if it plays out
🟢 LONG · Entry 0.008958–0.008990 · TP 0.009091 / 0.009168 / 0.009285 · SL 0.008780
NFA · DYOR
