PENGUUSDT is breaking out of a bullish flag pattern, a classic continuation signal in an uptrend. The breakout is occurring with strong momentum, supported by the RSI crossing above the 50 zone on the 8H timeframe, adding further confidence to bullish bias.
📊 Key Levels:
TP1: 0.382 Fibonacci – $0.020
TP2: 0.5 Fibonacci – $0.025
TP3: 0.618 Fibonacci – $0.030
Stop Loss: $0.012 (below recent swing low)
This breakout may mark the beginning of a new bullish leg. Keep an eye on volume for confirmation and adjust risk accordingly.
Trade safe and always use proper risk management.
#PENGUUSDT #Crypto #BullishFlag #RSI #Fibonacci #Breakout #Altcoins
📊 Key Levels:
TP1: 0.382 Fibonacci – $0.020
TP2: 0.5 Fibonacci – $0.025
TP3: 0.618 Fibonacci – $0.030
Stop Loss: $0.012 (below recent swing low)
This breakout may mark the beginning of a new bullish leg. Keep an eye on volume for confirmation and adjust risk accordingly.
Trade safe and always use proper risk management.
#PENGUUSDT #Crypto #BullishFlag #RSI #Fibonacci #Breakout #Altcoins
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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.