How to Convert $35 into $70 with $PENGU /USDT

Bearish Trading Strategy

1. Current Price: $0.032819 (-8.22%)

2. Entry Point:

Wait for a pullback to $0.033. If it fails to break higher, consider shorting.

3. Target:

Short-Term Target: $0.0315

Mid-Term Target: $0.0300

4. Stop-Loss:

Set a stop loss above $0.034 to limit risk.

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Shorting Strategy (For Futures Trading)

1. Leverage:

Utilize 4x leverage for amplified returns on the bearish move.

2. Entry Point:

Enter a short position near $0.033 if resistance holds.

3. Targets:

Short-Term Target: $0.0315

Mid-Term Target: $0.0300

4. Stop-Loss:

Place your stop loss at $0.035 to safeguard your position.

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Risk Management

Allocate $20 for spot trading and $15 for futures.

Adjust stop-loss levels as necessary based on market trends.

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Disclaimer:

Trading carries inherent risks. Always conduct thorough research and employ effective risk management strategies.

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This plan offers a structured approach to turn $35 into $70 with PENGU/USDT!