🐧 PENGU/USDT – Ascending Triangle Breakout Setup! 🚀

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$PENGU

PENGU

0.006591

-3.61%

📌 Current Price : $0.01065

📊 Market Overview :
Ascending Triangle formation spotted on the 1H timeframe.
A bullish breakout could lead to strong upside potential.

Key Breakout Level : $0.01123 – A confirmed close above this level may signal further gains.

Watching Volume : A breakout must be backed by rising volume to confirm strength.

📊 Key Technical Levels to Watch!

🔺 Resistance Levels :
$0.01123 (First Resistance – Breakout Level)
$0.01233 (Next Target if Breakout Holds)

🔻 Support Levels :
$0.01065 (Current Level – Holding Above Support)
$0.01019 (Major Support – Triangle Breakdown Zone)


📌 Trade Setup & Strategy!

✅ Bullish Breakout Setup

📍 Entry : Break and close above $0.01123

🎯 Targets :
$0.01233 (Breakout Target)
Further upside if momentum sustains

🛑 Stop-Loss : Below $0.01064 (Invalidation Zone)

❌ Risk Management (Invalidation Plan)
If $0.01123 fails to break, close the position to avoid a fakeout.
A breakdown below $0.01019 may lead to further downside.


⚡ Conclusion & Investor Advice!

🔹 A confirmed breakout above $0.01123 could push PENGU/USDT towards $0.01233.

🔹 Volume is key – wait for confirmation before entering long.

🔹 Failure to break $0.01123 could result in a pullback towards support at $0.01019.

💡 Pro-Tip for Traders!

🚀 Wait for Breakout Confirmation: Look for a 1H candle close above resistance with high volume.

📢 Manage Risk : Always set stop-losses to protect capital from potential fakeouts.

🔄 Monitor Price Action : If momentum slows near resistance, consider partial profit-taking!

📊 Stay sharp and trade wisely! 🧐🔥