$PENGU #PENGU Bulls and bears haven't fully taken sides yet, so don't chase recklessly from the middle.
K-line timeframe: 1h
My bias: wait and see (only trade with the trend; don't go head-to-head with market sentiment)
$PENGU #PENGU Execution: Wait for confirmation first; only increase position size once a key level is confirmed.
Core rationale: 1) PENGUUSDT is down 10.591% over 24h, with a current price of about 0.008599 and 24h trading volume of about 117.22M; 2) The main timeframe and 4h timeframe have not formed confluence in the same direction. 3) The 4h close moved from 0.008619 to 0.008604, current open interest is about 3.79B, and the funding rate is about -0.0015%.
Risk control: If the 1h price falls back below 0.008588, don't rush into a trade.
$PENGU #PENGU To wrap up: The direction is clear; execution depends on discipline. For reference only; this is not investment advice.
K-line timeframe: 1h
My bias: wait and see (only trade with the trend; don't go head-to-head with market sentiment)
$PENGU #PENGU Execution: Wait for confirmation first; only increase position size once a key level is confirmed.
Core rationale: 1) PENGUUSDT is down 10.591% over 24h, with a current price of about 0.008599 and 24h trading volume of about 117.22M; 2) The main timeframe and 4h timeframe have not formed confluence in the same direction. 3) The 4h close moved from 0.008619 to 0.008604, current open interest is about 3.79B, and the funding rate is about -0.0015%.
Risk control: If the 1h price falls back below 0.008588, don't rush into a trade.
$PENGU #PENGU To wrap up: The direction is clear; execution depends on discipline. For reference only; this is not investment advice.