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Pudgy Penguins / USDT

PUDGY/USDT 1H: Bearish Slide Continues – Key Levels to Watch

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  1. Chart timeframe: 1H PUDGY/USDT analysis.
  2. Current price: $0.02836.
  3. Key levels:

  • Resistance: $0.035 (significant resistance).
  • Support: $0.028 (immediate), $0.026 (next support if breakdown occurs).

  1. Price action:

  • Clear bearish trend with lower highs and lower lows.
  • Descending trendline at $0.032 needs to break for bullish reversal potential.

  1. Volume profile: Suggests a distribution phase with sellers in control.

  1. Trend outlook: Path of least resistance remains downward unless a higher low forms and trendline breaks.

  1. Setup rating: 3/10 – not ideal for entries until reversal signals appear.

What’s your play – shorting the trend or waiting for a breakout? 📉✨
Cryptokijker
Chart PatternsTechnical IndicatorsPENGUUSDTTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsPENGUUSDTTrend Analysis
Cryptokijker

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.