BOOM! Short Squeeze ALERT for $PEOPLE
$16.27K Shorts Liquidated at $0.03650 – Bulls Take Control?
The battle just got intense! As short traders get rekt above $0.03650, $PEOPLE shows serious bullish pressure. This sudden liquidation hints at a possible trend reversal or breakout momentum. Let’s break down the action:
Technical Analysis:
Buy Zone:
$0.03420 – $0.03530
(Strong accumulation zone. Buy in dips around this level for optimal risk-reward.)
Immediate Resistance:
$0.03650 (Now turned into support after short liquidation)
$0.03820 (Minor resistance)
Target Zones:
1. Target 1: $0.03880
2. Target 2: $0.04150
3. Target 3 (Moon Shot): $0.04500
Stop-Loss:
$0.03330
(Below major support; invalidation point for this breakout setup)
Why This Matters:
Shorts are running scared.
Volume spike + liquidation at $0.03650 = signs of breakout.
Trendline breakout potential on the 4H chart.
Strategy:
Accumulate in the buy zone.
Watch for a retest of $0.0365 – if it holds, it could launch fast.
Risk:Reward setup favors bulls heavily right now.