If you're seeking a low-risk, high-reward setup, SEED_DONKEYDAN_MARKET_CAP:PEOPLE looks promising to me.
Entry Range
- Entry: $0.06180 to $0.06022
- Stop Loss (SL): $0.05977
Risk Reward:- 1:14 (Highly lucrative) but SL is a must!
Target Levels
- First Target: $0.06477
- Second Target: $0.06677
- Third Target: $0.06987
- Fourth Target: $0.07322
- Fifth...
Examining the daily chart of PEOPLE/USDT, I can provide a detailed analysis that sheds light on its current market dynamics and potential trajectory.
Price Action: Currently, PEOPLE/USDT is trading at around $0.11306, indicating a slight decrease of 0.81% from the previous day. The price has been consolidating within a range defined by $0.09721 (S1) and $0.14487...
Warning: Pump momentum is high, get confirmation for sell/short positions.
From where we inserted "START" on the chart, it looks like a big triangle.
We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric.
We are looking for sell/short positions on the red range.
Closing a daily candle...
BINANCE:PEOPLEUSDT
This idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 0.5% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.
Based on the provided market data, the currency PEOPLE is currently experiencing a bullish trend. This is indicated by a relatively high Relative Strength Index (RSI) across the 4-hour, 1-day, and 7-day periods, suggesting that the currency is currently overbought.
The Moving Average Convergence Divergence (MACD) values for the same periods are positive, which...
