$PEOPLE

PEOPLE oscillation consolidation, is there an opportunity for a rebound?

Market Analysis

The current price of PEOPLE is $0.04305, with a slight increase of 0.91% during the day. From the daily chart, the price oscillates around the MA7 moving average ($0.04331), with bulls attempting to break through but with limited momentum. The MACD indicator shows that the bearish trend is weakening, but the trading volume has not seen significant expansion, mainly focusing on range consolidation in the short term.

Key Levels

• Support Levels: $0.04180, $0.03720

• Resistance Levels: $0.04550, $0.05000

Trading Strategy

1. Long Position Strategy:

If the price pulls back to $0.04180 and shows a signal of stopping the decline, a light long position can be entered, with a target of $0.04550 and a stop loss at $0.04100.

2. Short Position Strategy:

If the price rebounds to $0.04550 and faces resistance, a light short position can be attempted, with a target of $0.04200 and a stop loss at $0.04650.

Market Outlook

PEOPLE's recent trend is relatively weak, overall in a phase of oscillation consolidation. Attention should be paid to whether it can stabilize above the MA7 moving average and further test the upper resistance levels. Short-term operations are recommended to focus on the range.

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