๐๏ธTECHNICAL ANALYSIS๐๐
$PEOPLE /USDT is showing strong bullish momentum after a clean rebound from lower support, with higher lows forming๐ consistently. The recent move above short-term resistance suggests buyers are gaining control.
MOVING AVERAGES (MA & EMA)๐
Price action is currently trending above key moving averages, indicating sustained๐ upward strength and aligning with a bullish continuation outlook.
BOLLINGER BANDS (BOLL)๐
Bands are widening, showing increased volatility with price holding near the upper band โ a sign of persistent buying pressure.
PARABOLIC SAR (SAR)๐
SAR dots remain below the candles, confirming an active bullish phase with no reversal signals yet.๐
TRADE SETUP โ LONG ENTRY
Entry: Above recent breakout zone
Targets (TP):๐
โข TP1: First resistance zone
โข TP2: Secondary continuation level
โข TP3: Extended bullish target
Stop $PEOPLE
Loss (SL):๐
Below the nearest support swing or previous low to protect against volatility.
RISK MANAGEMENT๐
Use tight position sizing, risk only 1โ2% per trade, and adjust SL as price advances to secure profits.๐
#Hashtags๐๐ฒ๐
#CryptoAnalysis #PEOPLETOKEN #TechnicalAnalysis #BreakoutTrade #Altcoins