$PEOPLE HOLDING THE LINE – BREAKOUT POTENTIAL OR JUST A DEAD BOUNCE?
$PEOPLE/USDT is trading at $0.02498, down over -10% on the day after a strong rejection near $0.02848. Price action is now squeezing into a tight zone just above critical support, signaling an upcoming breakout—or breakdown.
Key Levels to Watch:
Resistance:
• $0.02530 – First resistance to reclaim
• $0.02580 – Key rejection zone; clearing this could unlock:
TP1: $0.02630
TP2: $0.02700
Support:
• $0.02450 – Local base from the last flush
• $0.02400 – Breakdown level; losing this could lead to:
TP1: $0.02330
TP2: $0.02250
Trade Setup – Bounce Trap or True Reversal?
Bullish Entry:
• Entry above $0.02530 with confirmation
• Targets:
• TP1: $0.02630
• TP2: $0.02700
• Stop-Loss: Below $0.02450
Bearish Entry:
• Break below $0.02400 could trigger extended downside
• Targets:
• TP1: $0.02330
• TP2: $0.02250
• Stop-Loss: Above $0.02530
Be ready for volatility—this setup won’t stay quiet for long.