#PENGU is showing signs of strength after breaking out of the falling wedge and reclaiming the support zone.
🔹 Breakout from wedge confirmed
🔹 Holding above 200 EMA – a sign of strength
🔹 Clean bounce from support zone with rising volume
🎯 Target: $0.0156
🛑 Stop-loss: $0.0110 (below wedge & support)
Structure looks bullish, but wait for a proper retest or follow-through candle before entry.
SL is a must. Let the setup come to you.
🔹 Breakout from wedge confirmed
🔹 Holding above 200 EMA – a sign of strength
🔹 Clean bounce from support zone with rising volume
🎯 Target: $0.0156
🛑 Stop-loss: $0.0110 (below wedge & support)
Structure looks bullish, but wait for a proper retest or follow-through candle before entry.
SL is a must. Let the setup come to you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.