#people #美国PCE数据将公布
Structurally, PEOPLE started to pull back after hitting around 0.14.
The strength of this wave of callback is relatively large compared with the previous waves.
After all, PEOPLE has not had a decent correction since it rose from the bottom.
There are too many profit orders, and some liquidation is required.
OB is a very important concept in smart money. It is the accumulated power before the market trend breaks through the original structure. It can also be regarded as the holding cost of the institution. When the price first backtests OB, a reversal structure usually appears.
From the daily level, this wave of callback began to stabilize and rebound after hitting the OB structure in front, and formed a potential 2B bullish structure.
If you didn't buy it at the bottom of 0.7, don't worry. First, look for a rebound to the pressure level near 0.1, which is the lower edge of the upper range. The price will definitely be blocked here, so you can wait for it to pull back and see if it can stabilize near 0.09 and enter the market.
From the perspective of narrative, the US election is about to heat up. As a narrative currency for the election, PEOPLE will definitely have a wave of market. Let's wait and see.
