Short Trade Alert: $PENGU /USDT
Market Overview:
$PENGU /USDT has exhibited strong bearish momentum, declining 13.46% in the past 24 hours. A break below $0.0335 suggests intensified selling pressure, aligning with the current trend.
Trade Setup:
Entry Price: $0.0332 (confirm continued downside before entry).
Stop Loss: $0.0342 (above recent resistance for risk management).
Take Profit Targets:
TP1: $0.0320
TP2: $0.0310
Key Insights:
The emergence of bearish candles signals the potential for additional downside.
Volume trends affirm declining momentum, offering a calculated opportunity.
Strict adherence to the stop loss is critical to avoid unnecessary risks.
Risk Management:
Limit exposure to 2% of total capital per trade.
Be vigilant for unexpected reversals or macro news that could shift momentum.
Pro Tip: Patience and discipline are crucial. Stick to the plan and avoid overexposure to mitigate unnecessary losses.