$PEOPLE EYEING A BREAKOUT – CAN IT PUNCH THROUGH $0.01992?
$PEOPLE is trading at $0.01921, up +33.03% today. After a rapid surge, price is now testing the resistance band with tight consolidation just below the highs.
Current Structure:
• Price range: $0.01893 – $0.01932 (tight consolidation)
• Buyers: 60.43%
• Sellers: 39.57%
Key Price Levels:
• Resistance: $0.01930 – $0.01992 (Last high before a potential breakout)
• Support: $0.01850 – $0.01800 (Previous demand zone)
Trade Setup:
Bullish Play:
• Entry: Above $0.01935
• TP1: $0.02020
• TP2: $0.02100
• Stop-Loss: Below $0.01860
Bearish Rejection Setup:
• Entry: Below $0.01880
• TP1: $0.01810
• TP2: $0.01740
• Stop-Loss: Above $0.01935
Watch closely for a confirmed breakout above $0.01992 or failure back into the lower band.
