๐ป $PEOPLE BEARISH SLIDE โ WILL SUPPORT HOLD OR BREAK DOWN?
#PEOPLE is trading at 0.00000016 (-5.88%) on the 15m timeframe, showing weak momentum with price trapped in a tight range, testing key support repeatedly.
๐ Key Levels:
Resistance: 0.00000017 | Stronger at 0.00000018
Support: 0.00000016 (critical) | If breaks, next at 0.00000015
Current Price: 0.00000016
๐ฏ Trade Setup (Short):
Entry: 0.00000016 โ 0.00000017 (if retested)
Targets: TP1: 0.00000015 | TP2: 0.00000014
Stop Loss: 0.00000018
๐ Market Outlook:
Price action is weak, repeatedly rejecting resistance with minimal buyer strength. If 0.00000016 fails to hold, a quick drop towards 0.00000015 is likely. Only a reclaim above 0.00000017 can shift short-term momentum bullish.
โ ๏ธ Risk Management:
Use tight SLs and risk only 1-2% max per trade in microcap BTC pairs to protect capital from high volatility wicks.
๐ก Comment โ๐ฉธโ if you see PEOPLE bleeding further today!