$PEOPLE ā PANIC! $1,863.6 Liquidated at $0.03481! šØ
The market just witnessed a massive long liquidation on $PEOPLE, shaking up leveraged traders! A total of $1.86K was wiped out at $0.03481, sending shockwaves through the price action.
š What Happened? A sudden price drop triggered liquidations, forcing overleveraged longs out of their positions. Could this be a whale-induced shakeout, or is the market showing signs of deeper weakness?
š„ Whatās Next?
Support Levels: If bulls hold, we might see a recovery.
Bearish Threat: More liquidations could accelerate the drop.
Opportunistsā Move: Smart traders may look for an entry at key levels.
Will $PEOPLE rebound, or is this just the beginning of a bigger dump? Stay sharp, stay ahead! š
šø Bullish Falling Wedge Formation: The chart reveals a classic falling wedge, a potential bullish reversal indicator.
šø Key Support Zone at $0.032: The lower trendline aligns with this critical support level. A price bounce is likely from this area.
šø Trigger for Entry: Monitor for a bullish candlestick pattern around the support zone. Confirmation of strength here can signal a good long entry point.
šø Targeting $0.07: With the wedge breakout, the price could rally toward $0.07, providing a strong upside potential.
šø Action Plan: Keep a close watch on price action near the lower trendline. Wait for confirmation before entering the trade.
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PEOPLE Constitution DAO Signal Update: šš„ Signal Update:š„ š š¦ PEOPLE/USDT š¦ š¢ BUY/LONG š¢ ā³ļøSPOT & FUTUREā³ļø Entries : š BUY at Market Price Range : š„$0.03893 - $0.03948š„
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