$PEOPLE
📉 PEOPLE/USDT Signal – Bearish Breakdown Continuation

Pair: PEOPLE/USDT

Timeframe: 1 Hour

Current Price: ~$0.02280

Signal Type: Short Position – Bearish Continuation after Climax and Distribution

🔍 Technical Analysis Summary

Parabolic Move → Top Out: A sharp parabolic rise peaked near $0.0238–0.0240, followed by a clear reversal.

Lower Highs and Steady Sell-Off: Price is stair-stepping down in a clean bearish channel.

Volume Pattern: Spike in sell volume near the top, then decreasing volume with the price drifting lower — indicative of a lack of demand.

Support Breakdown Threat: Price is hovering at the edge of recent support (~$0.0227); a break could trigger further downside.

⚠️ Trade Plan – Short Setup

📥 Entry Zone: $0.02275–$0.02280 (after a confirmed candle close below $0.02275)

🛑 Stop-Loss: Above $0.02320 (above last minor lower high / risk invalidation)

🎯 Take-Profit Targets:

TP1: $0.02240 (local minor support)

TP2: $0.02190 (next historical support zone)

TP3: $0.02130 (key level from 13th May base)

🧠 Trade Notes

Wait for Breakdown Confirmation: Look for a solid red candle below $0.02275 with slight volume increase.

Volume Drop: Current declining volume favors short continuation setups.

Alternative Entry: Wait for a break → retest → rejection setup at $0.02275 to improve entry quality and reduce risk.

✅ Risk–Reward Snapshot

Assuming Entry @ $0.02278 and SL @ $0.02320:

Risk: ~$0.00042 (1.84%)

Rewards:

TP1: $0.00038 (R:R ~0.9)

TP2: $0.00088 (R:R ~2.1)

TP3: $0.00148 (R:R ~3.5)