Short Trade Alert: $PENGU /USDT š„šÆ
Market Overview: PENGU/USDT has shown significant bearish momentum, with a 13.46% decline over 24 hours. A breakdown below $0.0335 highlights strong selling pressure.
Trade Setup:
ā¢ Entry Price: $0.0332 (on confirmation of further downside)
ā¢ Stop Loss: $0.0342 (above recent resistance to manage risk)
ā¢ Take Profit 1: $0.0320
ā¢ Take Profit 2: $0.0310
Key Insights:
ā¢ Increased bearish candles indicate potential for further drops.
ā¢ Volume supports declining momentum, making this a high-risk but calculated opportunity.
ā¢ Stick to your stop loss to protect capital.
Risk Management: Risk no more than 2% of your total capital. Always monitor market conditions for unexpected reversals.
Stay disciplined and follow the plan for optimal results!
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