$PENGU (1H) at critical support. Bulls stepping in.PENGU / TetherUSBINANCE:PENGUUSDTcoinpediamarkets📊 Market Structure Overview Trend Context: Short-term bullish structure with higher highs earlier, followed by a controlled pullback. Current Phase: Price is retracing into a strong demand zone with dynamic support from Keltner Channels, suggesting a potential bullish continuation if support holds. 🟢 Key Technical Levels ✅ Demand Zone (Major Support Area) $0.006597 – $0.006500 Confluence factors: Previous accumulation zone Strong buyer reaction area Keltner Channel dynamic support Prior breakout structure 👉 Bias: Bullish while price holds above this zone. 🎯 Trade Outlook from Chart Entry Area $0.006591 (buy on support confirmation) Upside Targets Target 1: $0.006980 → near-term resistance Target 2: $0.007591 → major resistance / previous high zone Risk / Invalidation Stop Loss: $0.006341 Breakdown below demand zone may lead to deeper correction toward previous lows. 📈 Bullish Scenario Strong bounce from demand zone. Higher low formation. Continuation toward $0.00698 → $0.00759. Momentum recovery with expanding volatility. 📉 Bearish Scenario Failure to hold $0.00650 support. Loss of dynamic channel support. Extended downside move and structure shift. ⚡ Technical Verdict Overall Bias: Bullish continuation setup. Key Trigger: Price reaction at $0.00650–$0.00659 demand zone. Setup Type: Support retest with favorable risk-to-reward.