Hey, traders! 🐂🐻
Today’s radar is on PEOPLEUSDT, and the market is definitely "buzzing". The price is sitting at 0.04588 USDT, and we’ve seen it knock on the resistance at 0.04689 USDT a couple of times. What is that level? A wall of liquidity! Whales are clearly capping the price.
Now, let’s get to business. The chart is forming an ascending triangle – a classic setup. If the price breaks through the liquidity up top, we’re in for a pump. But as they say, "don’t go all in until you see a clean breakout."
🔑 Key Levels:
Support:
0.04300 USDT – buyers are stacked here. If this level breaks, get ready for a dump.
0.04100 USDT – the bulls’ last stand. Reaching here puts the trend at risk.
Resistance:
0.04689 USDT – the critical level. Break it, and we’re flying; fail, and the whales keep pushing us down.
0.04900 USDT – the first target to "skim the cream".
0.05050 USDT – the ultimate target if the market picks up speed.
🚩 Strategy:
Entry Point:
Enter long after a clean breakout above 0.04689 USDT (let the volume confirm it).
Stop-Loss: