How to become a Successful Trader? 1: Do not Trade everytime 2: Wait for Confirmation Entry 3: Do Not Watch Everytime Mobile Screen 4: Always Trade with Trend 5: Use Stop Loss and Targets Points 6: Just hold your trade until stop loss or Target points hit #FutureTradingSignals #signalsfutures
> The current price is well above all moving averages, which indicates a strong bullish trend.
🔍 Chart Observations:
The price has experienced a very strong breakout recently, rising sharply from around ~$0.003 to $0.034 (approximately a 10x increase).
A "parabolic breakout" pattern is visible on the chart.
Trading volume has also spiked significantly, confirming strong buying pressure.
⚠️ Risks and Correction Potential:
After such a sharp rally, there is a risk of price correction.
If the price falls below the $0.030 zone, the first support level is around $0.025 (near MA(7)).
A deeper correction could target the $0.016–$0.020 zone as medium support.
🎯 Possible Scenarios:
✅ Bullish Scenario (If uptrend continues):
If the price breaks and holds above $0.034887, the next psychological target could be: ➡️ $0.040 – $0.045 range.
❌ Bearish Scenario (If correction starts):
If the price breaks below $0.030:
First Support: $0.025
Second Support: $0.020 – $0.016 zone
📌 Recommendations:
For short-term traders: Be cautious after such a sharp move. A pullback is expected. Watch for potential entries in the $0.025–$0.030 correction range.
For long-term investors: The uptrend appears promising in the medium to long term, but keep in mind the risks of high volatility.#PENGUUSDT #pengu