$PEOPLE /USDT Let’s unpack this with some clear setups based on your data:
PEOPLE/USDT Quick Technical Read
Current Price: 0.01292 (+10.05%)
24h High: 0.01741
24h Low: 0.01146
MA60: 0.01357 (currently acting as resistance)
Volume: 7.65M
MA(5): 10.64M
MA(10): 7.56M
Key Observations:
Strong recent bounce off 0.01146 (24h low).
Price is sitting below MA60 (0.01357) — potential resistance.
Volume MA(5) > MA(10) — momentum building, but price lagging behind MA60.
Big intraday range between 0.01146 — 0.01741.
Possible Trade Setups
1. Breakout Setup
Trigger: Break and hold above 0.01360
Entry: 0.01370 — 0.01400
Stop-loss: 0.01280
Target: 0.01550 — 0.01700
Rationale: Price reclaiming above MA60 and prior resistance opens the way for a rally toward the 24h high zone.
2. Dip Buy (Range Bounce)
Entry: 0.01220 — 0.01250
Stop-loss: 0.01140
Target: 0.01350
Rationale: Buy at support zone, playing a bounce back to MA60/resistance.
3. Range Short
Trigger: Failure to break 0.01360 with rejection candles
Entry: 0.01340
Stop-loss: 0.01370
Target: 0.01250
Rationale: If it can’t break MA60 resistance, likely to retest support levels below.
Bonus Notes
Volume spike with price reclaiming 0.01360 would be a strong long signal.
Watch 0.01250 — key short-term support.
This is a high-volatility meme token — good for scalping if you like fast moves.
Want me to draft up a scalping strategy too for 15m or 1h timeframes? Could be fun on this one!
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