#PEOPLE

《People Price: Repeated Cuts》

In the past two days, the price of People has been cut below half, and the market is in panic and wailing. From the picture drawn by Tucker yesterday, the daily trend is symmetrical and the overall trend is still downward. The first daily line is as shown in the picture. If you want to buy the bottom or increase your position, you need to wait.

It should also be noted that Bitcoin is an important benchmark in the cryptocurrency market. It has not yet stabilized and has a great impact. People is also difficult to be immune, causing market panic, lack of confidence, and limited capital inflow.

From a technical analysis point of view, the symmetrical trend of People's price may be a rest in the decline. Although there is a small rebound, it is mostly a short breather, not a trend reversal. Due to insufficient buying support, the rebound is difficult to sustain.

In this context, the overall price of People is likely to continue to fall. We must be more cautious and not blindly buy the bottom.

However, the market is full of variables, and new technological breakthroughs, favorable policies or changes in market sentiment may change its trend. However, the current market is not stable and the market trend is downward, so we must remain sober and vigilant about the future trend of People prices.

In short, People prices face many challenges and there is great downward pressure in the short term. Investors should treat it rationally according to their own situation and wait patiently for a turnaround.

#PEOPLE

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