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.
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.
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.