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Pudgy Penguins / Tether

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PENGUUSDT trade ideas

PENGU/DESCENDING CHANNEL BREAKOUT - BULLISH REVERSAL SETUPLet me provide a clear analysis of the PENGU/USDT chart, focusing on the key technical patterns and potential trade setup. The chart shows a clear downward channel that has been broken, suggesting a potential trend reversal. Price has been consolidating in a demand zone (purple area) around 0.030 - 0.035 USDT, which could serve as a strong support level for future price movement. Looking at the technical structure: - Current price: 0.0186 USDT - Trading volume: 865.81M - Primary target (TP): 0.04 USDT The chart displays a classic reversal pattern with a descending channel (gray lines) that has recently been broken to the upside. This breakout suggests strong bullish momentum could be building. The projected price movement (shown in red) indicates a series of higher lows and higher highs forming within an ascending channel. Key levels to watch: - Support zone: 0.030-0.035 USDT (purple area) - Target price: 0.041 USDT - Current resistance: Trend line at approximately 0.025000 USDT To the bullish scenario. The breakout from the descending channel combined with the consolidation in the demand zone presents a compelling trading opportunity with a favorable risk-to-reward ratio.
Long
by Supachai-Taechapisit
3
Is now the perfect time to trade Pengu’s 0.040$ gain?Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Pengu , 📚💡 At present, the market is experiencing a period of consolidation, characterized by a range-bound structure and a general downward trend. As such, it is entirely normal for the price to form red candles, particularly as it approaches our critical support level. This behavior aligns with the current market conditions. 📚💡 Once this support is tested and held, we expect the price to reverse course, potentially seeing an upward surge of up to 40%. Such a move would bring the price to approximately $0.040, signaling a strong recovery and growth potential. This scenario suggests a favorable opportunity for those looking to enter the market at these levels. 📚✨ 🧨 Our team's main opinion is: 🧨 The market is currently range-bound and slightly bearish, with red candles expected as it approaches key support. Once support holds, we anticipate a potential 40% rise, reaching $0.040. Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Long
by MadWhale
4
Critical Levels in Focus: PENGU at 0.02450 Support BINANCE:PENGUUSDT is currently trading near a significant support level at 0.02450 , which has historically acted as a key zone for price rebounds. This presents a potential buying opportunity for traders watching this level closely. For those seeking confirmation, waiting for a break and retest of 0.02670 could provide stronger validation for an upward continuation. This would offer added security to the trade setup. The stop-loss for this trade is placed at 0.02239 , as a price closure below this level would invalidate the bullish scenario and indicate potential downside movement. The target is positioned at 0.03587 , the nearest strong resistance, providing an attractive risk-reward ratio for this trade idea. 👨🏻‍💻💭What’s your take on PENGU? Share your perspective in the comments below! __________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
4
PENGU/USDT: check 0.238 Fib for a BreakoutCurrently, PENGU/USDT is trading below the 0.236 Fib level, showing some struggle to hold above. However, I have spotted a bullish divergence on the RSI, telling us that potential reversal is building beneath the surface. 📊 Key Levels: Current Zone: Below 0.236 Fib (0.028314), reflecting consolidation near lows. Target: A move toward 1.618 Fib at 0.062063, which aligns with the resistance in the upper trend channel. Intermediate Levels: 0.5 Fib at 0.034761 – a potential base for a stronger recovery. 1 Fib at 0.046972 – critical resistance before reaching the ultimate target. 💡 Game Plan: The divergence on RSI suggests that sellers are losing strength, which might pave the way for a reversal. I expect a that PENGUIN will climb back, with key Fib levels acting as checkpoints. If the price confirms support above the 0.5 Fib, the push toward 1.618 becomes more realistic than ever. Risk Note: If this divergence fails and bears keep the control of Penguin, the lowest low may be looked further. But for now as its not a 0, the setup shows us potential recovery. Stay tuned, as the next few candles could give us better clarity! 📈
Long
by Expate
1
PUDGY/USDT 1H: Bearish Slide Continues – Key Levels to Watch Chart timeframe: 1H PUDGY/USDT analysis. Current price: $0.02836. Key levels: Resistance: $0.035 (significant resistance). Support: $0.028 (immediate), $0.026 (next support if breakdown occurs). Price action: Clear bearish trend with lower highs and lower lows. Descending trendline at $0.032 needs to break for bullish reversal potential. Volume profile: Suggests a distribution phase with sellers in control. Trend outlook: Path of least resistance remains downward unless a higher low forms and trendline breaks. Setup rating: 3/10 – not ideal for entries until reversal signals appear. What’s your play – shorting the trend or waiting for a breakout? 📉✨
by Cryptokijker
1
PENGU Last Chance!The two longs I presented are what I believe Pengus' last bullish scenarios. If PA breaks through the Bullish equilibrium level, I will extend my long position past the hidden liquidity and find an entry to share there. However, if the price should fail to reach that price I will look at the demand zone below (0.786 fib) for my next entry. Obviously, I will take into consideration crypto market conditions but for the short term, I expect to see some upside. Thanks
Long
by JJRoyalist
1
Pudgy Penguins Best Level to BUY/HOLD 300%+ gains🔸Hello guys, today let's review 2h price chart for PENGU . Currently locked inside trading range expecting more range bound price action before accumulation completes later and we get another strong bull run. 🔸Ongoing accumulation in progress indicates further gains later this month. currently trading near range highs so no trades recommended at the market price. 🔸Recommended strategy bulls: bullish structure accumulation in progress. Accumulate near 0.025, TP bulls is +300%+ gains, final exit at 10 cents. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
24
PENGUIN in Support?Price has reached a crucial moment as it touches the major support trendline (green) after an extended downtrend. The MA200 (blue line) touched price, and this intersection with major support could present an interesting turning point. Watch closely for price action around this level. Potential bounce or breakdown will determine the next directional move. Always maintain proper risk management and wait for confirmation before taking positions. #crypto #technicalanalysis #trading #PENGU
Long
by Cuklek
4