🚨 $PEOPLE /USDT Analysis🚨
The current price sits at $0.05870, with a critical support at $0.05727 and resistance at $0.06000. The market is in a clear downtrend, testing the support level. If $0.05727 breaks, we could see further declines, targeting $0.05500 and $0.05350. However, if the price bounces off support and breaks above $0.06000, it could signal a bullish reversal with targets at $0.06200 and $0.06400.
Entry Strategy:
🔹 Long: Above $0.06000, targeting $0.06200 and $0.06400, with a stop at $0.05727.
🔹 Short: Below $0.05727, targeting $0.05500 and $0.05350, with a stop at $0.06000.
Stay sharp and ready to act on these key levels! 🚀