A little opinion about $PENGU #pengu
Today we observed an interesting rebound in the price of this asset, with signs of a possible trend change and an oversold signal. While this could represent a buying opportunity, I recommend acting with caution; before investing, analyze the trading volume and conduct a fundamental analysis. Always remember to manage your risk and set a 'stop-loss.' Let's hope it goes up!
Important considerations before buying:
Confirmation: Wait for confirmation of the trend change. This could be a larger green candle or a bullish crossover of the moving averages (for example, having the MA(7) cross above the MA(25)).
Volume: Observe the trading volume. An increase in volume during the bullish movement would give more strength to the signal.
Risk management: Determine a 'stop-loss' level to limit losses in case the price retraces.
