$PENGU Analysis Report for PENGU/USDT (1-Hour Chart)

The chart shows a downtrend over the past few days, with small corrective movements. Based on this trend and candlestick patterns, here are trading recommendations:

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📉 Short Trade Setup

Entry Zone:

Enter short around 0.03550 to 0.03600 after a minor pullback.

Take-Profit Targets:

1. First Target (T1): 0.03400

2. Second Target (T2): 0.03250

Stop Loss:

Place stop loss above 0.03650 to minimize risk.

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📈 Long Trade Setup

Entry Zone:

Enter long above 0.03650 for confirmation of a reversal.

Take-Profit Targets:

1. First Target (T1): 0.03750

2. Second Target (T2): 0.03900

Stop Loss:

Place stop loss below 0.03550 to protect capital.

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Key Observations

1. Trend: The pair is in a downtrend with lower highs and lower lows.

2. Support Levels: Key support lies at 0.03400 and 0.03250.

3. Resistance Levels: Key resistance lies at 0.03650 and 0.03900.

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Visual Summary

Here’s an attractive graphic summary:

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Always manage your risk carefully and adjust stop-loss levels based on market conditions. Good luck with your trades! 🚀