$PENGU /USDT Trading Signal ā Short Opportunity š»
Current Price: $0.032934 (-8.61%)
Signal: Short Position
Entry Range: $0.032800 - $0.033200
Take Profit Levels:
šÆ TP1: $0.032500
šÆ TP2: $0.032200
šÆ TP3: $0.031800
Stop Loss: $0.033800
Technical Observations:
Bearish Momentum: The price is trading below all significant moving averages (7, 25, and 99 EMA), indicating a strong downward trend.
Resistance Level: $0.033800 serves as a resistance point, while support is weak at lower levels.
Trend Continuation: Continued bearish momentum suggests a further decline toward lower support levels.
Actionable Advice:
Consider entering within the specified range and target the profit levels sequentially. Place the stop-loss at $0.033800 to safeguard against unexpected upward reversals.
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