๐ PEOPLE COIN Analysis ๐
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Coin: #PEOPLE/USDT
Signal: Short
Why am I leaning towards a downside movement for PEOPLE coin?
1. A concerning double top pattern has emerged in the 15-minute timeframe, signaling a bearish trend.
2. The RSI has broken below its support line in the 15-minute
timeframe, indicating significant bearish pressure.
3. Bearish divergence is evident in the RSI within the 15-minute timeframe, adding weight to the downside potential.
These indicators collectively paint a bearish picture for PEOPLE coin.
Entry Price: $0.051
Take Profits:
1st TP: $0.042
2nd TP: $0.038
3rd TP: $0.034
4th TP: $0.031
Leverage: 5x
Stop Loss: $0.054
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