$PEOPLE TRYING TO STABILIZE – DEAD CAT BOUNCE OR SHORT-TERM REVERSAL?
$PEOPLE is currently trading at $0.02790, attempting to recover after a steep 21% drop. Volume is significant at 35.117M, and price action on the 15-minute chart shows signs of short-term consolidation just above key support.
Key Support & Resistance Levels:
• Resistance:
• $0.02814 – Minor local resistance
• $0.03000 – Major upside target if recovery holds
• Support:
• $0.02750 – Initial support and retest zone
• $0.02664 – 24h low and invalidation level
Trade Setup – Risk-Managed Recovery Play:
• Entry Zone: $0.02775 – $0.02790
• TP1: $0.02814
• TP2: $0.03000
• Stop-Loss: Below $0.02750
we may see a move toward $0.03000. But caution is key—volume must sustain, or the bounce may fade quickly.