$PEOPLE #PEOPLE If the rebound is too weak to trade, don't force a bottom-fishing entry. The bears haven't given up control yet.
K-line timeframe: 1h
My bias: Bearish (trade with the trend; don't stubbornly fight the momentum)
$PEOPLE #PEOPLE Execution: Short the rebound; wait for confirmation at key levels before increasing position size.
Key rationale: 1) PEOPLEUSDT is up 12.16% over 24h, with a current price of around 0.008752 and 24h trading volume of around 11.73M; 2) The 1h close fell from 0.008810 to 0.008752, and the primary timeframe remains weak. 3) The 4h close moved from 0.008780 to 0.008752. Current open interest is around 534.09M, and the funding rate is around 0.0100%; the rebound looks more like an opportunity for bears.
Risk control: If the 1h price reclaims and holds above 0.008818, the bearish bias is invalidated.
$PEOPLE #PEOPLE Closing note: The direction is clear; execution comes down to discipline. For reference only; this is not investment advice.
K-line timeframe: 1h
My bias: Bearish (trade with the trend; don't stubbornly fight the momentum)
$PEOPLE #PEOPLE Execution: Short the rebound; wait for confirmation at key levels before increasing position size.
Key rationale: 1) PEOPLEUSDT is up 12.16% over 24h, with a current price of around 0.008752 and 24h trading volume of around 11.73M; 2) The 1h close fell from 0.008810 to 0.008752, and the primary timeframe remains weak. 3) The 4h close moved from 0.008780 to 0.008752. Current open interest is around 534.09M, and the funding rate is around 0.0100%; the rebound looks more like an opportunity for bears.
Risk control: If the 1h price reclaims and holds above 0.008818, the bearish bias is invalidated.
$PEOPLE #PEOPLE Closing note: The direction is clear; execution comes down to discipline. For reference only; this is not investment advice.