CRYPT∅ IG
CRYPT∅ IG
January 31, 2025 at 11:52 AM
A triangle pattern is forming in the 2-hour time frame of the PENGU market. Along with this pattern, a strong support level and a bullish candle pattern are also visible, which are giving indication of an upward trend. If the price breaks the upper trendline of this triangle pattern, then it could be the start of a potential uptrend. Therefore, in this scenario we can consider taking a long trade position, as it indicates the bullish sentiment of the market. But, make sure to apply proper analysis and risk management strategies before taking the trade.

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