$PEOPLE 📈 Reversal in Motion | RSI + MA Confirm Bullish Momentum
🔍 Chart Overview: 1H Timeframe Breakout Watch
$PEOPLE is trading within a well-respected descending channel on the 1-hour timeframe, and signs are emerging of a potential breakout to the upside.
Recent rebound from lower boundary at $0.01200 (key support)
Price is pressuring the upper channel resistance for a breakout
Retest scenario is developing — a bullish confirmation if held
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📊 Technical Indicators Pointing Up
RSI has been in a downtrend, but is now showing signs of reversal and retest, which supports upward movement
Price is approaching and aiming to stabilize above the 100 MA — a critical signal for sustained bullish structure
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🚀 Trade Setup
Entry Level: $0.01216
Targets:
🎯 First: $0.01232
🎯 Second: $0.01257
🎯 Third: $0.01294
Each target aligns with previous structural resistances and liquidity pockets.
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🛡️ Strategy Tips
✅ Watch for a clean break + retest of the descending channel top
✅ Confirm volume surge before entering
✅ Monitor RSI breakout and MA hold for extra confidence
✅ Set tight stop-loss under $0.01200 in case of channel rejection
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Final Word: Structure is Key — Follow the Flow
With clear boundaries and bullish confirmation signals building,
$PEOPLE may be preparing for a strong reversal. The breakout play is valid as long as structure is respected and support holds.
> No breakout = no entry. Let the chart lead the way.
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