$PEOPLE – FAKEOUT EXPOSED? BEARS GAINING CONTROL

FAILED BREAKOUT • LOW VOLUME FOLLOW-UP

$PEOPLE attempted to break above $0.01853 but faced a swift rejection, forming a sharp wick and pulling back to the $0.01809 zone. Despite the initial spike in volume, the follow-through was weak, and price action has turned choppy and indecisive. With multiple rejections at the top and lower highs forming, the structure is hinting at an impending downside move.

Short Setup (Rejection Play):

• Entry: $0.01820 – $0.01830

• Target 1: $0.01795

• Target 2: $0.01760

• Stop Loss: $0.01860

If $PEOPLE fails to hold above $0.01800, a further slide looks likely. Caution on long entries—momentum has clearly shifted.

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