๐ $PENGU (15m) โ Bullish Setup Above Key Support
$PENGU remains bullish on the 15-minute timeframe as long as price holds above the critical 0.009535 support level. The ideal long entry zone sits between 0.009677โ0.009550, with traders watching for a liquidity sweep around 0.009648 or 0.009535 followed by a bullish engulfing candle or market structure shift before entering.
The first upside target is 0.009922, followed by the 0.010085โ0.010208 resistance zone. If momentum and volume continue to build, extended targets sit at 0.010385 and 0.010610.
This remains a tactical counter-trend trade within a broader bearish structure, making confirmation essential. A 15-minute close below 0.009535 would invalidate the bullish outlook and shift focus toward 0.009432 and potentially 0.009216 on the downside. Always manage risk accordingly. ๐๐ฅ
$PENGU remains bullish on the 15-minute timeframe as long as price holds above the critical 0.009535 support level. The ideal long entry zone sits between 0.009677โ0.009550, with traders watching for a liquidity sweep around 0.009648 or 0.009535 followed by a bullish engulfing candle or market structure shift before entering.
The first upside target is 0.009922, followed by the 0.010085โ0.010208 resistance zone. If momentum and volume continue to build, extended targets sit at 0.010385 and 0.010610.
This remains a tactical counter-trend trade within a broader bearish structure, making confirmation essential. A 15-minute close below 0.009535 would invalidate the bullish outlook and shift focus toward 0.009432 and potentially 0.009216 on the downside. Always manage risk accordingly. ๐๐ฅ
