Recently, the Crypto Assets market has presented a noteworthy investment opportunity. The current price of PENGU coin is $0.034, and Technical Analysis indicates that it has broken through the falling wedge pattern, gaining strong support at $0.033. The increase in Trading Volume further confirms the validity of this breakout.



According to the Fibonacci retracement levels, PENGU may rebound to the range of $0.043-$0.045. Considering this potential upside, investors can set an initial target of $0.04, which would yield an approximate return of 17.65%.

However, the Crypto Assets market is highly volatile, making risk management crucial. It is recommended to set the stop-loss level at $0.032, which means the maximum risk is controlled at around 5.88%. This strategy results in a risk-reward ratio close to 1:3, in line with sound trading principles.

It is worth noting that although the technical analysis presents positive signals, investors still need to closely follow market changes and adjust their strategies in a timely manner. Furthermore, it is recommended to combine fundamental analysis to comprehensively assess the long-term development prospects of the PENGU project in order to make more informed investment decisions.
PENGU-4.75%
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Web3ProductManagervip
· 19h ago
lemme run some quick cohort numbers... mau growth pattern looks identical to early eth days tbh
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UncleWhalevip
· 19h ago
Last time I said it would pump, who believed it?
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SoliditySlayervip
· 19h ago
Everything is虚的, Technical Analysis is just a joke.
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ForkTonguevip
· 19h ago
Is getting on board the top?
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GasFeeNightmarevip
· 19h ago
Another low gas opportunity late at night? I calculated that the cross-chain costs have offset half of the profits... Pain~
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