[TECHNICAL ANALYSIS] PEOPLE/USDC — Sudden explosion! 🚀🔥 +13.52% in 1 hour!
The pair $PEOPLE just made a big jump: from 0.01147 to 0.01743 $USDC in a flash, before correcting to 0.01310.
What does the 1H chart tell us?
• 📈 Decisive breakout above the Bollinger Bands
• 🔊 Volume skyrocketing: +85M
• ⚡️ Bullish MACD: strong momentum
• ⚠️ Ongoing retracement: possible consolidation phase
Key levels to watch:
• 🟢 Support: 0.01212
• 🔴 Resistance: 0.01743
Strategy?
• Those already in might consider a partial take profit
• Those on the sidelines can monitor a retracement towards key supports for an entry with good R/R
Meme coins never sleep… but watch out for volatility!
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