When we look at the chart, we see that the parity #PEOPLE was analyzed in a 4-hour period.
RSI Indicator: The RSI is currently at 77.08, which indicates the overbought zone. At overbought levels, the price has a high probability of retreating.
Important Resistance Level: We see that the price is currently close to the 0.06500 USDT level. This level may have been tested several times in the past and worked as a strong resistance.
EMA 9 (Exponential Moving Average): EMA 9 is at 0.05574 and we see that the price is well above this level. The price is likely to pull back to this level.
Considering this information, you can consider the following levels to open a short position:
You can consider opening a short position between 0.06500 - 0.06700 levels. This area is a strong resistance area and is seen as an area where the price may have difficulty breaking this level. You can place your stop-loss level slightly above the 0.06700 level. This minimizes your risk in case of a possible false signal. As a profit target, you can set a target between 0.05500 - 0.05600 levels. This zone is close to EMA 9 and previous support levels and the price is likely to pull back to these levels.