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PEOPLE / TetherUS

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PEOPLEUSDT trade ideas

PEOPLE reversal shortDaily: - price currently testing daily zone 4H: - retraced to 0.382 fib level and 4h resistance, wicked showing weakness on previous close. Price also flat line overextended on stoch and at top ma of bollinger band 1H: - broke uptrend structure with bearish divergence 15 min: - broke short term support back into prevoius area, retested, had bearish engulfing candle close Stop loss: 0.0755 - Above resistance and local high / wick take profit: 0.0411 - at bottom of recent run up giving me a 5:1R
Short
by CMSTrading
$PEOPLE ..... WHAT NOW?HELLO AGAIN After forming a symmetrical triangle pattern, but it is closer to a descending triangle, we have three scenarios, Of course, under the influence of geopolitical conditions, scenarios 1 and 3 are the closest to being verified in my opinion..why? 1- The price has reached the intersection of strong resistance lines and it is trying hard to break through 2- Compared with RSI, we are facing a much lower peak than the previous peak, and this is what constitutes negative divergence. thx for support guys
by greencandles22