š Reversal in Motion | RSI + MA Confirm Bullish Momentum
š Chart Overview: 1H Timeframe Breakout Watch
$PEOPLE is trading within a well-respected descending channel on the 1-hour timeframe, and signs are emerging of a potential breakout to the upside.
Recent rebound from lower boundary at $0.01200 (key support)
Price is pressuring the upper channel resistance for a breakout
Retest scenario is developing ā a bullish confirmation if held
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š Technical Indicators Pointing Up
RSI has been in a downtrend, but is now showing signs of reversal and retest, which supports upward movement
Price is approaching and aiming to stabilize above the 100 MA ā a critical signal for sustained bullish structure
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š Trade Setup
Entry Level: $0.01216
Targets:
šÆ First: $0.01232
šÆ Second: $0.01257
šÆ Third: $0.01294
Each target aligns with previous structural resistances and liquidity pockets.
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š”ļø Strategy Tips
ā Watch for a clean break + retest of the descending channel top
ā Confirm volume surge before entering
ā Monitor RSI breakout and MA hold for extra confidence
ā Set tight stop-loss under $0.01200 in case of channel rejection
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Final Word: Structure is Key ā Follow the Flow
With clear boundaries and bullish confirmation signals building, $PEOPLE may be preparing for a strong reversal. The breakout play is valid as long as structure is respected and support holds.
> No breakout = no entry. Let the chart lead the way.
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