A reminder to PEOPLE holders that you don't have to wait for the surge brought by the election; otherwise, you may get stuck at a high point.
First of all, as a meme coin, PEOPLE should pay attention to the potential impact of mainstream coins on it.
Recently, the price trend of PEOPLE has slightly underperformed compared to the market, which means we need to be cautious; if Bitcoin continues to decline, it could lead to a sharp drop in PEOPLE.
After all, there have been many instances where a 2-3% drop in Bitcoin resulted in most altcoins falling by more than 10 percentage points, and currently, the trend of PEOPLE is relatively weak.
Secondly, data shows that large holders or whales trading PEOPLE have almost no signs of buying; instead, they are gradually selling off. At various time frames, PEOPLE is experiencing an outflow of major funds, making it difficult to profit from going long.
More importantly, buying PEOPLE is betting on Trump. Given the current situation, it is hard to guarantee a 100% victory for Trump.
If Trump loses, or is assassinated again, or even dies, could that trigger panic and cause PEOPLE to crash? After all, there was an incident in Pennsylvania where the assassin hit Trump's ear, which was quite serious; if it was staged, one could only say that the marksmanship was too good to precisely hit the ear.
It's hard to see the outcome until the end, and the favorable expectations for PEOPLE from the election have already been consumed multiple times, so proceed with caution when going long.