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Pudgy Penguins / USDT

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

By BulldogNL

  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? 📉✨
Chart PatternsTechnical IndicatorsPENGUUSDTTrend Analysis
BulldogNL

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