$PEOPLE /USDT – Flash Spike Fades, Caution in Play

PEOPLE surged to $0.01741 before sharply dropping to $0.01226, still holding a +6.24% gain on the day. Volume exploded with 2.62B PEOPLE traded, but a full retrace from the high suggests a blow-off top pattern may be forming.

Short Trade Setup:

Entry Zone: $0.01240 – $0.01270

Target 1: $0.01190

Target 2: $0.01160

Final Target: $0.01110

Stop Loss: $0.01285

Long Trade Setup (Reclaim Required):

Entry Zone: $0.01210 – $0.01220

Target 1: $0.01260

Target 2: $0.01300

Final Target: $0.01350

Stop Loss: $0.01140

Pro Tip: Volume spikes and fast wicks often hint at liquidation zones. Wait for price stabilization before jumping in.

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