PEOPLE/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 0.06603 USDT
Support Level: 0.06295 USDT
Resistance Level: 0.06834 USDT
Trading Data:
24h High: 0.06834 USDT
24h Low: 0.06295 USDT
24h Volume (PEOPLE): 561.02M PEOPLE
24h Volume (USDT): 37.00M USDT
Technical Analysis:
MA (Moving Average): Bullish, indicating upward momentum.
EMA (Exponential Moving Average): Positive, confirming the ongoing uptrend.
MACD: Bullish, suggesting potential continuation of the price rise.
Bollinger Bands: Price nearing the upper band, indicating breakout potential.
SAR (Parabolic SAR): Bullish, reinforcing the upward trend.
Step-by-Step Trading Strategy:
Buy Signal:
Enter near 0.06295 USDT (support level) if signs of reversal appear.
Alternatively, buy on a breakout above 0.06834 USDT (resistance level), confirming upward momentum.
Sell Signal:
Exit near 0.06834 USDT (resistance level) if price stalls.
If a breakout continues, adjust your sell target for higher resistance levels.
Stop Loss:
Set a stop loss near 0.06295 USDT to minimize risks.
Target Price:
Short Term: 0.06834 USDT (immediate resistance level).
Long Term: If the breakout holds, the next resistance could be 0.07000 USDT.
Important Notes:
Best Time to Buy: Monitor during high-volume periods near the support level for potential reversal.
Best Time to Sell: Watch for price action near the resistance level at 0.06834 USDT.
Always check live charts before entering trades.
Disclaimer:
Trading involves risk. This is not financial advice. Always do your own research and trade responsibly.
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