๐$PEOPLE /USDT Analysis โ Calm Before a Breakout๐ค๐๐
๐Current Price: $0.01825
๐ Timeframes: 1H & 4H
๐น 1H Chart Insights:๐
Price has rebounded slightly from support at $0.0179โ0.0180 zone.
RSI has flipped upward from 40s to ~54, hinting at recovering bullish momentum.
$PEOPLE Price is now hovering around the 20 EMA, with short-term pressure building for a potential push to reclaim the $0.0185 zone.
All EMAs (20/50/100/200) are compressing โ indicating a potential volatility expansion soon.
๐น 4H Chart Signals:๐
After the recent sell-off from $0.020+, price is stabilizing near the 50 EMA ($0.01802).
RSI remains above 59, suggesting bullish strength is still intact on higher timeframe.
200 EMA (red) resistance at $0.01891 โ this is the key breakout level to flip mid-term bullish again.
๐ Strategy:
Bullish Bias (Short-term Swing):
โ Entry: $0.01810โ0.01820
๐ฏ Targets:
โ TP1: $0.01865
โ TP2: $0.01895
โ TP3 (breakout): $0.02010
โ SL: $0.01765 (below 100 EMA on 1H)
๐ Duration: 6โ24 hours
๐ Alternative Play: If rejected from $0.0185โ0.01865 zone again, short-term retrace back to $0.0177 possible. Watch RSI divergence & volume confirmation.
๐ก Low timeframe EMAs are tightening โ volatility compression often leads to explosive breakout. Watch for volume surge near $0.01865โ0.01890 for confirmation.
๐งโโ๏ธ โPatience in sideways consolidation often pays more than speed in fake breakouts.โ
๐ Not financial advice. Always DYOR and manage risk properly.
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