$PENGU Analysis Report for PENGU/USDT (1 Hour Chart)
The chart shows a downward trend in recent days, with small corrective movements. Based on this trend and candlestick patterns, here are the trading recommendations:
---
📉 Short Trade Setup
Entry Zone:
Enter short around 0.03550 to 0.03600 after a small correction.
Take Profit Targets:
1. First Target (T1): 0.03400
2. Second Target (T2): 0.03250
Stop Loss:
Place the stop loss above 0.03650 to minimize risk.
---
📈 Long Trade Setup
Entry Zone:
Enter long above 0.03650 for confirmation of a trend reversal.
Take Profit Targets:
1. First Target (T1): 0.03750
2. Second Target (T2): 0.03900
Stop Loss:
Place the stop loss below 0.03550 to protect capital.
---
Key Observations
1. Trend: The pair is in a downward trend with lower highs and lower lows.
2. Support Levels: Key support is at 0.03400 and 0.03250.
3. Resistance Levels: Key resistance is at 0.03650 and 0.03900.
---
Visual Summary
Here is an appealing graphical summary:
enter your assets at >>$PENGU
---
Always manage your risk carefully and adjust stop-loss levels according to market conditions. Good luck with your trades! 🚀