$PENGU long setup: 0.008560–0.008586 support buyers must defend on the 4H
I'm watching this zone closely. Buyers need to step in here for a bounce, or the move fails.
Why this level:
- 4H price at 0.00857 below EMA50 at 0.00931, so the stop matters
- Daily trend is up, buyers have the bigger picture on their side
- 1H RSI at 35: momentum has reset, there's room for a bounce
🟢 LONG · Entry 0.008560–0.008586 · TP 0.008697 / 0.008779 / 0.008903 · SL 0.008367
NFA · DYOR
I'm watching this zone closely. Buyers need to step in here for a bounce, or the move fails.
Why this level:
- 4H price at 0.00857 below EMA50 at 0.00931, so the stop matters
- Daily trend is up, buyers have the bigger picture on their side
- 1H RSI at 35: momentum has reset, there's room for a bounce
🟢 LONG · Entry 0.008560–0.008586 · TP 0.008697 / 0.008779 / 0.008903 · SL 0.008367
NFA · DYOR