Hereโ€™s a detailed technical breakdown for $PEOPLE /USDT on the 4H timeframe.

๐Ÿ“‰ PEOPLE/USDT โ€“ 4H Chart Overview

Open: 0.03390

High: 0.03527

Low: 0.03231

Close: 0.03282

Change: -3.21%

Trend: Short-term bearish pullback within a larger consolidation range

๐Ÿงฎ Moving Averages (SMA)

SMA PeriodValueNotesSMA 70.02612Below current price, strong supportSMA 250.02290Mid-range support zoneSMA 990.01692Long-term accumulation area

๐Ÿ“Œ The price is still significantly above all major SMAs, indicating that while this is a correction, the macro trend remains intact (bullish).

๐Ÿ”ผ Key Resistance Levels

R1: 0.03400 โ€“ Short-term resistance (was support)

R2: 0.03527 โ€“ Local high

R3: 0.03600 โ€“ Next upside hurdle

R4: 0.03700 โ€“ Potential breakout level

๐Ÿ”ฝ Key Support Levels

S1: 0.03200 โ€“ Local demand

S2: 0.03100 โ€“ Price consolidation base

S3: 0.02900 โ€“ Round number, psychological support

S4: 0.02612 โ€“ SMA 7 support zone

S5: 0.02290 โ€“ SMA 25 (mid-term trend invalidation)

โœ… Trade Idea: Range-to-Reversal Setup

๐Ÿ“ˆ If bullish reversal expected:

Entry: 0.0315โ€“0.0320 (buy zone)

SL: <0.0290

TP1: 0.03400

TP2: 0.03550

TP3: 0.03700

๐Ÿ“‰ If bearish continuation expected:

Watch for breakdown and close below 0.03100

Short toward 0.02900โ€“0.02700 with tight stops above 0.0335

โš ๏ธ Risk Notes

Volume likely dropping during this pullback; watch for increasing buy volume near key supports.

Loss of 0.031 with high volume might shift sentiment more bearish short-term.

Be cautious of whale-driven volatility due to its DAO-related hype history.

Let me know if you'd like a real-time chart with zones or a comparison against ETH/BTC trends for macro alignment.

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