$PENG /USDT - LONG
Trade Plan:
Entry: 56.54 – 54.06
SL: 50.69
TP1: 57.55
TP2: 58.62
TP3: 62.08
Why this setup?
• The 4h chart demonstrates steady bullish momentum (+10.95%), with price maintaining a strong upward trajectory well above support lines at MA7 (54.06) and MA25 (52.75).
• Setting a protective Stop Loss (SL) right at the 24h Low support level (50.69) establishes a clear risk invalidation boundary safely below the recent consolidation base.
• Entering a long position in the 56.54 to 54.06 range provides a well-structured Risk:Reward setup, targeting a retest of the 24h High (57.55), intermediate horizontal resistance at 58.62, and previous swing peak resistance near 62.08.
Debate:GoldHoldsAbove$4000PerOunce#SpaceXToReportQ2Results #MoodysAssignsSKHynixFirstARating #MoodysAssignsSKHynixFirstARating BitcoinRecoversTo$64100#USIranDealOrNoDeal #SpaceXFirstLockupExpiresAug6 $PENG
Trade Plan:
Entry: 56.54 – 54.06
SL: 50.69
TP1: 57.55
TP2: 58.62
TP3: 62.08
Why this setup?
• The 4h chart demonstrates steady bullish momentum (+10.95%), with price maintaining a strong upward trajectory well above support lines at MA7 (54.06) and MA25 (52.75).
• Setting a protective Stop Loss (SL) right at the 24h Low support level (50.69) establishes a clear risk invalidation boundary safely below the recent consolidation base.
• Entering a long position in the 56.54 to 54.06 range provides a well-structured Risk:Reward setup, targeting a retest of the 24h High (57.55), intermediate horizontal resistance at 58.62, and previous swing peak resistance near 62.08.
Debate:GoldHoldsAbove$4000PerOunce#SpaceXToReportQ2Results #MoodysAssignsSKHynixFirstARating #MoodysAssignsSKHynixFirstARating BitcoinRecoversTo$64100#USIranDealOrNoDeal #SpaceXFirstLockupExpiresAug6 $PENG