$PEOPLE – WEAK REBOUND AFTER SELL-OFF, BEARS STILL IN CONTROL

LOWER HIGH FORMING. VOLUME FADES ON RECOVERY.

$PEOPLE attempted a recovery after falling to $0.01790, but the bounce is losing steam near $0.01852, well below the recent high of $0.01919. The rejection at a lower level and weak follow-through suggests bearish momentum is still dominant. Volume is also declining on the green candles, indicating a lack of strong buyer conviction.

Short Trade Setup

Entry: $0.01850 – $0.01860

Target 1: $0.01800

Target 2: $0.01770

Stop Loss: Above $0.01880

Unless $PEOPLE breaks above $0.01880 with strong volume, the path of least resistance remains down. Watch for a rollover toward support.

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