The currency is going down, what should we do?

Strong technical analysis of the new $PENGU coin with a strong rise of 1500% seconds after its introduction to the market

$PENGU

Technical analysis of Pudgy Penguins

1. Support and resistance levels:

First support: $0.048

First resistance: $0.055

2. Volume and liquidity:
Monitor trading volumes to see the flow of liquidity towards the coin. Increased volume indicates investor interest.

3. Technical indicators:

Relative Strength Index (RSI): Measures momentum; if it is above 70 it is considered in the overbought zone.

Moving averages: Monitor the averages on 50 and 100 hourly periods to determine the direction.

4. Short-term expectations:
If liquidity continues to rise and the price breaks the first resistance, we may see an upward move towards $0.060.
In the event of a decline, support will be tested at $0.048.

It is advisable to follow the market carefully especially in the first hours after listing.

Buy from $50 to $100 and do not forget to open the account for only 5 hours then sell before you lose your money

$PENGU