Current Situation
- Price: $0.03725 (+57.37%)
- 24h Range: $0.02331 – $0.03846
- 24h Volume: 6.20 billion PEOPLE / 203.47 million USDT
- Indicators:
- RSI(6): 97.15 (strongly overbought)
- MACD: 0.00222 (bullish momentum)
- Moving Averages: MA(7) > MA(25) > MA(99) (uptrend)
Today's Plan
1. Scenario 1: Correction After Growth
- Support Levels: $0.02726, $0.02093
- Action: If the price retraces to $0.02726 with confirmation of the bounce (e.g., by RSI < 70), consider entering long with TP $0.035–$0.038.
2. Scenario 2: Continued Growth
- Resistance Level: $0.03846 (max 24h)
- Action: Upon breaking $0.03850 with volume — short-term long position up to $0.040–$0.042. Stop-loss below $0.036.
3. Risk Management:
- Stop-Loss: For longs — below $0.026, for shorts — above $0.039.
- Profit Taking: Partially at levels $0.038 and $0.040.
Important!
- RSI close to 100 — sharp retracement possible.
- High volume — there is market interest, but be cautious.
Conclusion: Today — trading within the range of $0.027–$0.038 with an emphasis on reactions at key levels.
