Technical analysis by YMaki about Symbol PENGU on 10/1/2025

Hi This trade exploits the current breakout, aiming for the next major structural resistance. Entry Price$0.03050Momentum Entry: Enter on a confirmed close above the current resistance but slightly above the immediate price to confirm stability. Take Profit (TP)$0.03430A ≈12.5% move, targeting the Daily Structural High (visible on Image 2) at $0.0343149. This is the highest visible resistance cluster. Stop Loss (SL)$0.02980Placed just below the $0.0300 pivot point. A drop below here means the breakout was a massive failure/trap. Risk/Reward≈1:5.4(Risk: $0.0007 / Reward: $0.0038) - Exceptional R:R for a competition-level trade. Short This is a backup trade only if the breakout fails dramatically. Entry Price$0.02980Sell the Failure: Entry on a confirmed close back below the major $0.0300 pivot and the SL for the Long trade. Take Profit (TP)$0.02800A ≈6.0% move, targeting the structural support/EMA 200 re-test zone. Stop Loss (SL)$0.03050Placed just above the initial short entry and the long entry trigger to ensure tight risk control. Risk/Reward≈1:2.5(Risk: $0.0007 / Reward: $0.0018) - Good R:R for a quick reversal scalp.