$PEOPLE PEOPLE/USDT Trading Signal - Bearish Momentum Continues

Current Price: $0.04484

EMA Trends:

EMA(7): $0.04618

EMA(25): $0.04758

EMA(99): $0.04831

Observation:

PEOPLE/USDT has dropped 11.37% in the past 24 hours, breaking below key EMAs. The downtrend indicates strong selling pressure, with support forming near $0.04408.

Potential Strategy:

Entry Range: $0.0440 - $0.0450

Targets:

Target 1: $0.0458 (Immediate resistance at EMA(7))

Target 2: $0.0468 (EMA(25) retest level)

Stop Loss: $0.0430

Key Insights:

Further downside may persist unless a clear bounce off the $0.044 support level is observed. Traders should monitor volume activity and manage risks diligently.

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