$PENGU /USDT – Bullish Breakout Setup
A $11.07K long liquidation at $0.01259 just swept liquidity — a typical shakeout move that often resets momentum before expansion.
Market Structure
Current Range: $0.0120 – $0.0132
Price is stabilizing back above demand, suggesting buyers are absorbing the sell-off.
Key Levels
Support: $0.0122 → $0.0120 (strong demand zone)
Resistance: $0.0132 (range high), breakout unlocks upside
Bullish Trade Setup
Entry: Acceptance and hold above $0.0132 with volume
Targets: $0.0140 → $0.0152
Stop Loss: Below $0.0120
Market Sentiment The liquidation cleared late longs, pressure is reset, and structure remains intact. A clean break above resistance could trigger momentum-driven continuation.
Bias: Bullish on confirmed breakout.
Wait for confirmation — let the breakout do the talking.
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