Technical Analysis and Trade Signal for $PEOPLE

E/USDT🚀🎯🎯💯🔥

Current Price: $0.04641

Price Change (24h): +8.94%

Trend: Bullish short-term momentum

Support & Resistance Levels:

Support: $0.04247

Resistance: $0.04828

Trade Signal (Bullish):

With a positive trend (+8.94%) and a consistent volume increase, there is strong upward momentum in PEOPLE/USDT. Price is consolidating just below the previous high, which indicates a potential break-out.

Target Levels:

Target 1: $0.04750 – First resistance level for profit-taking

Target 2: $0.04850 – Strong potential resistance zone, breakout possible

Target 3: $0.05000 – Next higher resistance if bullish trend continues

Trade Momentum:

Bullish Momentum: Given the sustained buying pressure above $0.04600 and increasing volume, there's a strong possibility that the price will test higher resistance.

Entry Signal: Buy if the price maintains above $0.04600 and shows volume strength.

Be cautious of reversal at higher resistance levels, particularly if price consolidates below $0.04700. If the price drops below the support at $0.04250, the trend could shift.

Recommendation:

Buy near $0.04600

Set a stop loss around $0.04247 (just below the support)

Take profits around target levels of $0.04750, $0.04850, and $0.05000.

Always monitor market conditions and adjust targets accordingly.

#BitcoinInSwissReserves #BTC94KShowdown #SolvProtocolMegadrop