$PENGU /USDT
Short-term momentum is turning in favor of the bears as buying pressure begins to fade. The 30-minute MACD Bearish Crossover suggests a potential continuation of the downside if price remains below key resistance.
Signal: 30m MACD Bearish Crossover đ
Support: Recent intraday demand zone
Resistance: Recent swing high
Entry Zone: Consider short positions on a rejection from resistance or after a confirmed breakdown below support.
Next Target: Previous demand and liquidity zone
Take Profit:
TP1: First support level
TP2: Previous swing low
TP3: Extended downside target if bearish momentum accelerates
Stop Loss: Above the nearest resistance or the latest lower high.
The MACD bearish crossover reflects weakening buyer strength and increasing selling pressure. A breakdown supported by higher trading volume would strengthen the bearish outlook. Wait for confirmation before entering any trade, and always maintain disciplined risk management.
$PENDLE
$RTX.US
#CXMTStarMarketIPORaises57.9BYuan #AIFearsSink10SP500StocksOver40% #GoldRises #BrentCrudeFallsAbout6%
Short-term momentum is turning in favor of the bears as buying pressure begins to fade. The 30-minute MACD Bearish Crossover suggests a potential continuation of the downside if price remains below key resistance.
Signal: 30m MACD Bearish Crossover đ
Support: Recent intraday demand zone
Resistance: Recent swing high
Entry Zone: Consider short positions on a rejection from resistance or after a confirmed breakdown below support.
Next Target: Previous demand and liquidity zone
Take Profit:
TP1: First support level
TP2: Previous swing low
TP3: Extended downside target if bearish momentum accelerates
Stop Loss: Above the nearest resistance or the latest lower high.
The MACD bearish crossover reflects weakening buyer strength and increasing selling pressure. A breakdown supported by higher trading volume would strengthen the bearish outlook. Wait for confirmation before entering any trade, and always maintain disciplined risk management.
$PENDLE
$RTX.US
#CXMTStarMarketIPORaises57.9BYuan #AIFearsSink10SP500StocksOver40% #GoldRises #BrentCrudeFallsAbout6%