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$PENGU Is maintaining a strong upward momentum after clearly breaking out of the accumulation zone, indicating that buying pressure is still controlling the market. On the 4-hour timeframe, the price structure continues to form higher lows – a typical sign of a sustainable uptrend.
Currently, each correction is well absorbed by the buyers, helping the price stay on an upward trend and opening the possibility of further breakouts if this momentum is maintained.
📈 Proposed trading strategy:
⟶ Entry zone: 0.0110 – 0.0113
⛔ Stop Loss: 0.0104
🎯 Take Profit:
• TP1: 0.0120
• TP2: 0.0135
• TP3: 0.0150
If the price remains above the entry zone and continues to form higher lows, reaching the above targets is entirely feasible. However, strict risk management is necessary in case of unexpected market volatility.
{spot}(PENGUUSDT)