$PEOPLE Long Liquidation: $12.053K at $0.04418
A significant long liquidation of $12.053K occurred at $0.04418, indicating potential downward pressure on $PEOPLE.
Entry: $0.04418
The liquidation point at $0.04418 is a critical level for initiating short positions as $PEOPLE may face continued selling pressure.
Target: $0.040
The next support level for $PEOPLE is around $0.040, offering a potential 9-10% downside from the entry point.
Stop Loss: $0.046
Place a stop loss at $0.046 to manage risk and protect against any sudden bullish reversal.
Analysis:
The $12.053K long liquidation at $0.04418 suggests bearish momentum for $PEOPLE. Target $0.040 while securing your position with a stop loss at $0.046.