PEOPLEUSDT trade ideas
$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
short people usdt perpPeopleusdtperp
Short
We provide only technical based charts here for alts coins as well as btc. We believe in charts and TA, not an Investment Advice
Do your Own RESEARCH always
Short - 0.04932
S/L - 0.05228
Tp 1 - 0.04652
Tp 2 - 0.04471
Tp 3 - 0.04316
Tp 4 - 0.04190
Tp 5 - 0.04044
Keep leverage between 2-4x (big capital)
Or 3-5x (small capital)
Expecting To Break 0.618 and Beyond!Hi, it's my first time publishing here so any feedback given would be much appreciated
From my analysis, PEOPLE has gained some bullish momentum again and seeing a path towards 0.618 of Fibonacci Level. If it successfully breaks, we're gonna see it reaching the top of Fibonacci Level. If it didn't, it will retrace back.
Once again, I'm open to any feedback. Have a nice day 😌
PEOPLEPEOPLE approaching Golden Pocket (0.0626 to 0.0599) of Fib Retracement from January 24th.
It might bounce off GP into daily Resistance.
or
Arc from the middle of strong Downtrend channel.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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Long position for peopleEntry position : buy now or 0.0834
Target 1: 0.0911
Target 2: 0.0956
Target 3: 0.1000
Stop loss: 0.0767
Remember bitcoin determines the trend of the market. Trade with caution and I wish you luck. Like and follow for more daily trading analysis. Telegram group coming soon.
Trade signal: PEOPLE/USDT
Exchange: Binance
Trade type: Long position