ā” PENGU/USDT Trade Signal ā”
š“ Position: Short (Higher Probability)
š
Entry Zone: $0.00820 - $0.00840
š Average Entry: $0.00830
ā Stop Loss: $0.00865 (-4.22%) | 35% Probability
šÆ Target Levels:
1ļøā£ $0.00800 (+3.61%) | 85% Probability
2ļøā£ $0.00780 (+6.02%) | 80% Probability
3ļøā£ $0.00750 (+9.64%) | 75% Probability
4ļøā£ $0.00720 (+13.25%) | 70% Probability
5ļøā£ $0.00690 (+16.86%) | 65% Probability
š Trade Setup & Analysis:
āļø Price below EMA(7) and EMA(25), confirming strong bearish momentum
āļø MACD negative, indicating continuous downward pressure
āļø RSI at 35.1, reflecting weak buying strength
āļø Stochastic RSI at 80.9, signaling a potential short-term bounce before more downside
āļø Volume declining, indicating weak buying interest
š Key Risks & Considerations:
ā ļø If price breaks above $0.00865, bearish outlook weakens
ā ļø A Bitcoin rally could reverse the downtrend
ā ļø Support at $0.00800 may cause temporary bounces
ā ļø Oversold RSI levels could lead to short-term pullbacks before continuation
šø THIS IS A SUGGESTED ANALYSIS šø
š Please do your own research, and if it aligns with your strategy, then consider taking the trade.
ā ļø Disclaimer:
This setup is for informational purposes only and not financial advice. Cryptocurrency trading involves significant risk. Do your own research and consult a financial professional before making any investment decisions.
#PENGUTrade #MileiMemeCoinControversy #AIandStablecoins #BNBChainMeme #PIOnBinanceYesOrNo $PENGU