📊 PEOPLE/TRX Chart Analysis:
Key Observations:
1. Price Levels:
- Current Price: $2.235
- 24h High: $2.375
- 24h Low: $2.187
2. Technical Indicators: - Moving Average (MA60): $2.239 - MACD: Blue line oscillating around orange signal line
Support and Resistance Levels:
1. Support Levels:
- $2.187: This level acted as support during the recent downtrend.
- Consider buying near this level if price approaches it again.
2. Resistance Levels:
$2.375: The recent high. A breakout above this level could signal further upside.
$2.239 (MA60): Watch for price reactions around the moving average.### Potential Entry Strategies:
1. Buy Entry:
Wait for a bullish candlestick pattern near support levels (e.g., $2.187).
Confirm with increasing volume for a stronger entry signal.
2. Risk Management:
Set stop-loss orders below key support levels.
Monitor price action and adjust stops as needed.
Remember that trading involves risk, and market conditions can change rapidly. Always do additional research and consider risk management strategies. 🚀📈
Feel free to ask if you need further clarification or have any other questions! 😊
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