PENGU is holding a tight range just below the 0.618 retracement, eyeing the next bullish swing. The price sits 0.4% under the recent swing high, primed for a breakout.
🟢 $PENGU LONG 📈
Entry $0.009293-$0.009311 | SL $0.009023 (-3.0%) | TP1 $0.009442 (+1.5%) | TP2 $0.009767 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear change of character appeared as the market broke the down‑trend line, confirming the shift with a bullish CVD spike. The fair value gap on the 5‑minute chart aligns with a strong order block, creating a POI where the OB and FVG overlap. Structure now shows higher lows, setting up a 1.7 R target.
A 3.0% stop is relatively tight, so a 5x‑10x leverage range keeps risk in line with the 64% confidence.
Take half the position off at the first target around a 1.5% profit.
As always: manage your risk, this is not financial advice 🙏
$PENGU #PENGUUSDT #ETH #TradingSignals #Write2Earn
🟢 $PENGU LONG 📈
Entry $0.009293-$0.009311 | SL $0.009023 (-3.0%) | TP1 $0.009442 (+1.5%) | TP2 $0.009767 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear change of character appeared as the market broke the down‑trend line, confirming the shift with a bullish CVD spike. The fair value gap on the 5‑minute chart aligns with a strong order block, creating a POI where the OB and FVG overlap. Structure now shows higher lows, setting up a 1.7 R target.
A 3.0% stop is relatively tight, so a 5x‑10x leverage range keeps risk in line with the 64% confidence.
Take half the position off at the first target around a 1.5% profit.
As always: manage your risk, this is not financial advice 🙏
$PENGU #PENGUUSDT #ETH #TradingSignals #Write2Earn