PENGUUSDT.P 1H – Broadening Wedge Setup
PENGUUSDT.P on the 1H timeframe seems to be forming a broadening wedge, indicating increased volatility. I'll be scalping within the pattern, targeting short-term moves until the current support level.
Key Levels:
📌 Resistance: Watching for potential rejection at the upper trendline.
📌 Support: Scalping towards the lower trendline.
Risk Management:
⚠️ Trading is risky! There’s no 100% correct setup. Always manage risk properly with stop-losses and position sizing. Never over-leverage.
Key Levels:
📌 Resistance: Watching for potential rejection at the upper trendline.
📌 Support: Scalping towards the lower trendline.
Risk Management:
⚠️ Trading is risky! There’s no 100% correct setup. Always manage risk properly with stop-losses and position sizing. Never over-leverage.
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