$PENGU breakout TRADE
Bias: Bullish continuation, conditional. Not hopium. Structured price action.
Market Structure
Clean Cup & Handle formation.
Handle is shallow and holding above mid-cup equilibrium. That’s strength, not indecision.
Volume expansion on the right side of the cup = institutions waking up, or at least pretending to.
Key Levels
Resistance / Trigger: 0.0138–0.0142
Support: 0.0116–0.0119
Invalidation: Below 0.0108 daily close
Entry:
Aggressive: Daily close above 0.0142
Conservative: Break + retest of 0.0140 holding as support
Stop Loss:
0.0108 (below handle low, structure-based, not emotional)
Targets:
T1: 0.0175
T2: 0.0210
T3: 0.0245
**** BUY ONLY IF IT BREAK AND SUSTAIN OTHERWISE IGNOR
PENGUUSDT
Perp
0.006702
-5.81%
PENGU
0.006712
-5.84%