Here's a focused 8hour technical and fundamental analysis for People Token (PEOPLE) at the current price of $0.03396, optimized for shortterm trading:
* Key Levels (Binance Spot & Futures)
Support (Buy Zones)
$0.03300 (Immediate support, recent swing low)
$0.03200 (Strong 4H EMA50 + psychological support)
$0.03100 (Critical musthold level)
Resistance (Sell Zones)
$0.03450 (Immediate resistance, recent highs)
$0.03550 (Liquidation cluster, breakout target)
$0.03650 (Next psychological resistance)
* Technical Indicators (1H/4H)
Trend Momentum
RSI (1H): 49 (Neutral, slight bearish bias)
> 70 = Overbought → Pullback likely
> <30 = Oversold → Rebound possible
> MACD (1H): Neutral, potential bullish crossover forming
> Volume: Declining → Needs confirmation for breakout
Order Book & Liquidation Levels
Bids (Buy Orders): Stacked at $0.03300 and $0.03200
Asks (Sell Orders): Thick at $0.03450 and $0.03550
Liquidations (Coinglass):
Longs liquidated below $0.03200
Shorts squeezed above $0.03550
* Fundamental Catalysts (Next 8 Hours)
Bitcoin Correlation: PEOPLE often mirrors BTC. Watch BTC’s $60K level.
PEOPLESpecific News: Check for governance proposals or DAO updates.
Funding Rate (Binance Futures): Neutral = Balanced leverage.
* Trading Scenarios & Entry/Exit Levels
Bullish Breakout (Long Trade)
Entry: 0.033500.03380 (on 1H close above $0.03450)
Targets: $0.03550 → $0.03650
Stop Loss: $0.03280 (below support)
Bearish Rejection (Short Trade)
Entry: 0.034300.03450 (rejection + RSI divergence)
Targets: $0.03300 → $0.03200
Stop Loss: $0.03480 (above resistance)
RangeBound (Scalping)
Buy Dips: Near $0.03300, target $0.03450
Sell Rallies: Near $0.03450, target $0.03300
Stop Loss: $0.0005 outside range
* Actionable Trade Plan
HighProbability Long: Buy pullbacks to $0.03300 with RSI >40, target 0.03550.
HighProbability Short: Short rejections at $0.03450 with low volume, target 0.03200.
Breakout Trade: Only enter long above $0.03450 with volume surge.
* Risk Management
Position Size: ≤1–2% of capital.
Leverage (Futures): ≤5x (choppy markets = high risk).
Watch For: BTC volatility, sudden PEOPLE volume spikes.
Final Verdict
Neutral Bias until $0.03450 or $0.03200 breaks.
Best Setup: Buy dips at $0.03300 with tight stops, or short rejections at 0.03450.
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