Long trade

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Long trade PENGUUSDTPERP PERPETUAL MIX CONTRACTBITGET:PENGUUSDT.Pdavidjulien369 Trade Journal Entry Pair: PENGUUSDT Trade Type: Buyside trade Date: Friday, 26th Sept 2025 Session: London to New York Session Overlap (AM, 9:30) Trade Details Entry: 0.027042 Profit Level (TP): 0.029921 (+10.65%) Stop Level (SL): 0.026802 (-0.89%) Risk–Reward (RR): 12 Technical Narrative Pre-Trade Context: Price trended down into discount territory (0.75 fib retracement), where a consolidation/accumulation phase formed. Multiple fair value gaps (FVGs) were left unfilled on the climb back up. Demand zone identified and respected, with reaction confirming strong buyer presence. Entry Justification: Break of structure (BOS) after the consolidation confirmed bullish order flow. Entry taken at 0.027042, aligned with demand mitigation and retracement into imbalance. Target Rationale: TP set near 0.029921, just under the 0.236 fib retracement and liquidity pool above. There is a probability of a liquidity sweep into this level before a major reversal. Risk Management: Stop placed at 0.026802, beneath the demand zone and structural low.