🚨 Trade Signal Alert: $PENGU /USDT (1H)
Market Outlook:
$PENGU /USDT is consolidating near $0.03632 after a pullback from $0.04600. The current structure indicates a potential breakout, though caution is advised.
🎯 Trade Plan:
1️⃣ Entry:
$0.03650 (on confirmed breakout above resistance).
2️⃣ Target (TP):
TP1: $0.03800
TP2: $0.04050
3️⃣ Stop Loss (SL):
$0.03550 (strict to minimize risk).
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⚡ Strategy:
Volume & Momentum: Monitor 24H trading volume and RSI to confirm momentum.
Position Size: Consider reducing size near key resistance levels.
Risk Management: Avoid over-leverage. Stick to a 2:1 Risk-Reward strategy for calculated gains.
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