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【$PENGU Signal】Pullback with multiple entries, 1H Bollinger middle band support
$PENGU RSI 4H 67.5, MACD histogram begins to shorten, volume diminishes after buying pressure pushes higher. The 1H Bollinger middle band at 0.0099 has not yet broken, and the deep imbalance of 8.19% indicates light selling pressure. Current price is 0.0101, below the 4H upper band at 0.0103, the bullish line is intact but short-term profit-taking needs to be absorbed.
🎯Direction: Long (pullback or pending order)
⚡Entry/Order: 0.010055 (recommended near the upper end of the zone, wait for pullback confirmation)
🛑Stop loss: 0.008557
🚀Target 1: 0.010842
🚀Target 2: 0.011603
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect principal.
Depth logic: 4H trend remains bullish, a pullback near the Bollinger middle band on the 1H chart is a short-term sniper point. Funding rate is normal, open interest is stable, indicating bulls have not exited in large scale. After high-level sideways consolidation, if the price retraces to around 0.01 and finds support, the next upward move is more likely.
Check real-time market 👇 $PENGU
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