📊 PENGU / USDT
Support – Resistance & Trading Guide (1H)
Key Levels
Major Support: 0.00610 – 0.00615
Secondary Support: 0.00595
First Resistance: 0.00635 – 0.00640
Major Resistance: 0.00665 – 0.00670
Price is currently trading near a key support zone after an extended downside move.
Momentum indicators show oversold conditions, while selling pressure is starting to slow.
This zone is more suitable for reaction-based decisions, not trend chasing.
✅ What to Do
Focus on risk-controlled positions
Wait for confirmation candles near support
Expect consolidation or relief bounces, not instant reversals
Use tight risk management
❌ What NOT to Do
Do not chase shorts at support levels
Avoid emotional entries after large red candles
Don’t assume every bounce is a full trend reversal
Don’t overleverage in high-volatility zones
Market Reminder:
Extreme moves often punish impatience.
Support zones are for planning, not forcing direction.