Taking a look at the possible bearish scenario for PENGU as we map out this trade idea. A loss of a four hour trend line followed by potential loss of a key local support could cause another leg down. I am bullish on this one however it's always important to have a plan. This really needs to start making some moves in my opinion or we just move to another potential trade setup elsewhere.
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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.