$PENGU /USDT – Trade Signals 📊
Current Price: $0.006827 | -4.54%
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🔴 SHORT SIGNAL (Primary — Bearish Trend)
$PENGU /USDT –
🔴 Entry: 0.006900 (MA7 resistance)
🎯 Take Profit 1: 0.006704 (24h Low)
🎯 Take Profit 2: 0.006200
🎯 Take Profit 3: 0.005854 (swing low)
❌ Stop Loss: 0.007300
📌 Reason: Downtrend from 0.008203 peak with consistent lower highs. MA(99) at 0.009540 far above = deep macro bear. MA(7) 0.006760 and MA(25) 0.006737 both flat and converging as overhead resistance. Price rejected from 0.007235 high today — selling resumed. Volume spike on red candles (2.86B) confirms aggressive distribution.
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🟢 LONG SIGNAL (Support Bounce / Scalp)
$PENGU /USDT –
🟢 Entry: 0.006704 (24h Low support)
🎯 Take Profit 1: 0.006760 (MA7)
🎯 Take Profit 2: 0.007235 (24h High)
❌ Stop Loss: 0.006400
📌 Reason: MA(7) and MA(25) tightly clustered just above price — if price holds 0.006704 with green volume confirmation, small bounce back to MA cluster possible. Scalp only with tight stop.
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📊 Key Levels:
Resistance: 0.006760 (MA7) → 0.006737 (MA25) → 0.007721 → 0.009540 (MA99)
Support 1: 0.006704 (24h Low)
Support 2: 0.005854 (swing low)
Major Support: 0.005736