$PEOPLE /USDT BEARISH REVERSAL – STRONG REJECTION FROM LOCAL HIGH
$PEOPLE surged rapidly but faced an aggressive rejection near 0.01628, forming a sharp bearish wick and dropping back below the 0.01450 zone. This signals a potential short-term reversal as momentum fades and sellers regain control near resistance.
Trade Setup:
Short Entry: 0.01430 – 0.01450
Take Profit (TP): 0.01360 / 0.01320
Stop Loss (SL): 0.01510
Market Outlook:
With a high-volume wick and breakdown from a parabolic structure, PEOPLE may experience a cooldown phase. Unless bulls reclaim 0.01500 quickly, sellers will likely drive the next move. Watching volume is crucial to confirm continuation.
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