๐ PEOPLE USDT Analysis 1 H
๐ Strong Uptrend Detected
The chart shows a powerful bullish move recently with the price skyrocketing from around 0.02 USDT to over 0.035 USDT This is a major breakout after a consolidation period ๐ข
๐ง Key Observations
โ Golden Cross likely happened Shortterm moving average eg purple line crossed above a longer one blue indicating a bullish trend
๐ฅ High Volume Spike during the breakout โ shows strong market interest and buyer strength
โ ๏ธ Current Pullback The latest candles show some selling pressure profit taking maybe The price is correcting slightly near 0.03310 USDT
๐ ๏ธ Support and Resistance
Support Around 0.028โ0.030 USDT
Resistance Near 0.036 USDT recent top
๐ If price drops below 0.030 we might see further pullback
๐ If it holds and bounces we could see a retest of the recent high and maybe higher
๐ฎ Conclusion
Bullish trend ๐ but watch for short term pullbacks Ideal to wait for a bounce confirmation at support before considering entry ๐
Do you want a short term trade idea or a long term outlook