C Queen
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Bearish
$PENGU /USDT Trading Signal: Will the Slide Continue? 🚨
Signal Type: Short
Entry Range: $0.03270 - $0.03300
Take-Profit Targets:
TP1: $0.03170 (Initial)
TP2: $0.03120 (Extended)
TP3: $0.03050 (Aggressive)
Stop-Loss: $0.03420
Technical Analysis
The $PENGU /USDT pair has shown persistent bearish pressure after facing rejection at $0.03557. The price is currently trading below its 7-period MA and 25-period MA, signaling downward momentum.
Key Levels to Watch:
Resistance Zones:
Immediate: $0.03420
Major: $0.03557
Support Levels:
Initial: $0.03170
Major: $0.03050
Indicators Overview:
1. Moving Averages: Downtrend confirmed by MA crossovers.
2. MACD: Bearish crossover indicating continued selling pressure.
3. RSI: Trending below neutral, showing increased bearish momentum.
Market Observation
The $PENGU price has shown difficulty in breaking key resistance zones, indicating weakness among buyers. A close below $0.03250 could accelerate the downtrend toward the $0.03050 level. On the flip side, any sustained move above $0.03420 could invalidate this short setup.
Trade Management Tips
Secure Partial Profits: Take partial profits at TP1 and move your stop-loss to breakeven to minimize risk.
Risk-Reward Focus: With a solid risk-to-reward ratio, this trade offers attractive potential returns.
#PENGU #CryptoSignals #BinanceTrading #ShortTrade #BNBBhutanReserves
Signal Type: Short
Entry Range: $0.03270 - $0.03300
Take-Profit Targets:
TP1: $0.03170 (Initial)
TP2: $0.03120 (Extended)
TP3: $0.03050 (Aggressive)
Stop-Loss: $0.03420
Technical Analysis
The $PENGU /USDT pair has shown persistent bearish pressure after facing rejection at $0.03557. The price is currently trading below its 7-period MA and 25-period MA, signaling downward momentum.
Key Levels to Watch:
Resistance Zones:
Immediate: $0.03420
Major: $0.03557
Support Levels:
Initial: $0.03170
Major: $0.03050
Indicators Overview:
1. Moving Averages: Downtrend confirmed by MA crossovers.
2. MACD: Bearish crossover indicating continued selling pressure.
3. RSI: Trending below neutral, showing increased bearish momentum.
Market Observation
The $PENGU price has shown difficulty in breaking key resistance zones, indicating weakness among buyers. A close below $0.03250 could accelerate the downtrend toward the $0.03050 level. On the flip side, any sustained move above $0.03420 could invalidate this short setup.
Trade Management Tips
Secure Partial Profits: Take partial profits at TP1 and move your stop-loss to breakeven to minimize risk.
Risk-Reward Focus: With a solid risk-to-reward ratio, this trade offers attractive potential returns.
#PENGU #CryptoSignals #BinanceTrading #ShortTrade #BNBBhutanReserves
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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