$PEOPLE /USDT Analysis (30-min chart):🔥💯
Pattern: The chart indicates a rising wedge breakdown, hinting at a bearish reversal. A sharp rejection near 0.06200 confirms selling pressure.
Next Move: Bearish sentiment prevails as price fails to hold above 0.06000. If support at 0.05900 breaks, further downside is likely.
Long Entry:
• Wait for a breakout above 0.06050.
• Target: 0.06180 - 0.06250.
• Stop-Loss: 0.05890.
Short-Term Outlook: Cautious bias. Bears dominate unless bulls reclaim 0.06050. Traders should watch support near 0.05850 for confirmation of next move.