🚨 PENGU token plunge risk warning: technical aspects are bearish!
$PENGU , which has been listed for only 2 hours, is at a key technical position, and multiple indicators have issued warning signals. From a technical perspective, PENGU is currently showing a typical weak trend. Although the price remains at 0.5007 USDT, the upward trend strength is only 0.14, which is far below the momentum required for a healthy upward channel. The Bollinger Band indicator shows that the price is close to the upper track (0.5010), which is often an important technical pressure level. Combined with the neutral RSI reading of 52.08, this indicates that the upward momentum may have been exhausted. What is more worthy of attention is that as a newly listed token, the low volatility (0.66) shown by PENGU is actually a dangerous signal. The initial listing of new tokens is usually accompanied by strong buying push and violent fluctuations, and the current calm is more like the calm before the storm. The MACD indicator is close to the zero axis, suggesting that the buying power is weakening, which may indicate an upcoming sell-off.
Based on the above analysis, we recommend that investors adopt the following defensive strategies:
Current holders should consider closing some positions at highs, especially when approaching the upper Bollinger Band 0.5010
Those who intend to build positions are advised to remain patient and wait for better entry opportunities
For investors with low risk tolerance, it is recommended to wait and see until the price forms a stable support level
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