#PENGU/USDT
Entry:
Entry: $0.01369
DCA: $0.01288
Targets:
Target 1: $0.01480
Target 2: $0.01577
Target 3: $0.01690
Stop Loss:
4H close below $0.01200
Why this trade?
PENGU is showing recovery signs after a recent flush
Price is trading above the 4H 50 SMA and 50 EMA — both are bullish signals
BY Technical CRYPTO Analyst
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
Telegram has no known backdoors and, even though it is come in for criticism for using proprietary encryption methods instead of open-source ones, those have yet to be compromised. While no messaging app can guarantee a 100% impermeable defense against determined attackers, Telegram is vulnerabilities are few and either theoretical or based on spoof files fooling users into actively enabling an attack.
Technical CRYPTO Analyst from ye