$PENGU /USDT BEARISH MOVE:
Short trade signal 💥
Future traders alert ⚠️
Technical Analysis
Key Levels:
- Current Price: $0.0347
- Resistance Levels:
- $0.0397
- $0.0450
- Support Levels:
- $0.0345
- $0.0300
Trade Setup:
- Entry: Short at $0.0347
- Take Profit (TP):
- TP1: $0.0300
- TP2: $0.0250
- Stop Loss (SL): $0.0370
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking for a short trade due to the bearish trend indicated by the recent price drop and the failure to break above resistance levels. The current price is close to the support level of $0.0345, and a break below this could lead to further declines towards $0.0300 and $0.0250. 📉💸
Happy Trading! 📉💸