Recently, I decided to invest in PENGU, planning to hold it for 7 to 10 days. I observed that the PENGU price has fallen back to the daily support level, while the Trading Volume continues to decline to the bottom, which usually indicates that the market is about to experience significant fluctuations. Considering that PENGU has previously performed strongly and has not broken through the key support level, I believe this could be a good opportunity for a rebound.
From a technical analysis perspective, when the Trading Volume drops to extremely low levels, it often indicates a consensus among market participants. In such cases, it can lead to significant price fluctuations. Considering PENGU's historical performance and the current market environment, I tend to believe that an upward trend may occur next.
However, investing in the cryptocurrency market always comes with high risks, so I recommend that investors conduct thorough research and risk assessment before making decisions. Closely monitoring market trends, project developments, and changes in the overall cryptocurrency ecosystem is crucial for seizing investment opportunities.
Regardless, the technical formation of PENGU is worth paying attention to, as it may provide interesting opportunities for short-term traders. However, it is also important to remember that the cryptocurrency market is highly volatile, and conditions can change rapidly, so staying vigilant and adjusting strategies flexibly is equally important.
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HorizonHunter
· 08-30 16:25
Big loss is coming!
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DaoTherapy
· 08-30 09:50
Seven days is too short, isn't it?
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ImpermanentLossEnjoyer
· 08-30 09:46
PENGU trend long positions stabilized
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MEVSandwichVictim
· 08-30 09:45
Just considering short selling and watching the show~
View OriginalReply0
PanicSeller
· 08-30 09:42
bet on the decline domestic violence, rise jump off a building~
Recently, I decided to invest in PENGU, planning to hold it for 7 to 10 days. I observed that the PENGU price has fallen back to the daily support level, while the Trading Volume continues to decline to the bottom, which usually indicates that the market is about to experience significant fluctuations. Considering that PENGU has previously performed strongly and has not broken through the key support level, I believe this could be a good opportunity for a rebound.
From a technical analysis perspective, when the Trading Volume drops to extremely low levels, it often indicates a consensus among market participants. In such cases, it can lead to significant price fluctuations. Considering PENGU's historical performance and the current market environment, I tend to believe that an upward trend may occur next.
However, investing in the cryptocurrency market always comes with high risks, so I recommend that investors conduct thorough research and risk assessment before making decisions. Closely monitoring market trends, project developments, and changes in the overall cryptocurrency ecosystem is crucial for seizing investment opportunities.
Regardless, the technical formation of PENGU is worth paying attention to, as it may provide interesting opportunities for short-term traders. However, it is also important to remember that the cryptocurrency market is highly volatile, and conditions can change rapidly, so staying vigilant and adjusting strategies flexibly is equally important.