How to Convert $40 into $120 with $PENGU /USDT

Bearish Trading Strategy

1. Current Price: $0.032313 (-8.69%)

2. Entry Point:

Wait for a retest of $0.0325. If the price fails to break above, consider shorting.

3. Target:

Short-Term Target: $0.0300

Mid-Term Target: $0.0280

4. Stop-Loss:

Set a stop-loss above $0.0330 to limit potential downside risk.

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Shorting Strategy (For Futures Trading)

1. Leverage:

Utilize 4x leverage to amplify potential returns.

2. Entry Point:

Enter a short position near $0.0325 if resistance holds.

3. Targets:

Short-Term Target: $0.0300

Mid-Term Target: $0.0280

4. Stop-Loss:

Place your stop loss around $0.0330 to minimize risk.

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Risk Management

Allocate $30 for spot trading and $10 for futures trading. Adjust stop-loss levels according to market price action.

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Disclaimer:

Always conduct thorough research and manage risk effectively when trading.

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With this strategy, $40 can potentially turn into $120 using PENGU/USDT!