#PEOPLEUSDT - Extreme Overbought, Bearish Reversal Likely! 🚨
Critical BEARISH Signals:
1. Stochastic RSI (96.78) & MA (97.98):
- Maximum overbought (＞95 = extreme reversal risk).
2. Williams %R (-17.59):
- Deep in overbought territory (-20 threshold), signaling exhaustion.
3. OBV (-39.88B):
- Massive distribution despite +9.33% pump (smart money exiting).
4. Volume Collapse:
- Current vol (61.7M) vs. MA(5) (380M) = 84% drop – weakest rally in days!
5. Bollinger Bands:
- Price (0.02249) kissing upper band (0.02266) – rejection imminent.
6. RSI(6) (75.32):
- Overbought, adding to reversal pressure.
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#### Trade Strategy:
- 🔥 Short Entry: 0.02260-0.02280 (Bollinger upper band + 24h high zone).
- 🎯 Take Profit:
- TP1: 0.02150 (mid Bollinger band) → +4.8% profit
- TP2: 0.02050 (24h low) → +9.7% profit
- TP3: 0.01930 (lower Bollinger band) → +15% profit
- ❌ Stop Loss: 0.02320 (above 24h high 0.02306).
- 📊 Position Size: Risk ≤1% (altcoin volatility!).
Surety Rate: 8.5/10 (Textbook bearish divergence + weak hands pumping).
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Why This Works:
- 9.33% pump on NEGATIVE volume** = classic bull trap.
- Extreme StochRSI + volume drop = unsustainable move.
- Crowded longs (57.39% accounts) fuel squeeze potential.
#PEOPLE #CryptoShort #Altcoin #BearishReversal
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⚠️ Risk Warning: Altcoins can dump 20%+ fast! Use tight stops and avoid over-leverage.
👉ACTION: Short at 0.02260, scale in to 0.02280. Move SL to entry at 0.02200!
