PENGUUSDT is exhibiting a potential bullish pennant formation, with price making a strong breakout from the consolidation zone.
It recently found resistance near the top of the pennant pole around the $0.0176 level, which aligns with the Immediate Internal Resistance Level (IIRL).
The current plan is to watch for a pullback into the designated buy-back zone, offering a possible re-accumulation opportunity. If the structure holds, the projected pennant target sits around the $0.043 zone, as illustrated on the chart.
It recently found resistance near the top of the pennant pole around the $0.0176 level, which aligns with the Immediate Internal Resistance Level (IIRL).
The current plan is to watch for a pullback into the designated buy-back zone, offering a possible re-accumulation opportunity. If the structure holds, the projected pennant target sits around the $0.043 zone, as illustrated on the chart.
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📢Follow the official links only! Trade smart, stay safe! 🎯
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Forex zone: t.me/+piiPgrNtrulkNDk0
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Telegram: t.me/+m0IACMn0ul03OTFk
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📩 Promotion/Partnership: t.me/WESLAD
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.