$PEOPLE coin market analysis🚀🚀
From the current market situation, $PEOPLE coin still has room for growth, especially due to the expected hype of the US election, there may be further growth in the future.
Looking at the daily line, on June 2, $PEOPLE showed a long upper shadow line, but the trading volume did not increase abnormally, indicating that short-term bulls took the initiative to close their positions.
The small negative line with shrinking volume on June 3 further confirmed this, showing that there was no large-scale selling in the market, and it still maintained a strong bullish trend.
4-hour line analysis
At present, the price of PEOPLE coin has stepped back to the MA21 position again, and stepped back in a sideways manner. The supply has not increased significantly, indicating that the bullish trend still exists. In the case of small supply, the market selling pressure is light, and the buyer's power still has the upper hand.
Operation suggestions
At the current price, you can consider entering the market to try and go long. It is recommended to set the stop loss near the low point of the last oscillation platform at 0.74 to ensure that the stop loss can be stopped in time when the market changes unfavorably.
The first stop profit point can be set to 1.5 times the profit and loss ratio to ensure initial profit. At the same time, after confirming the trend, you can increase your position to maximize your profit.
(Only personal opinion analysis, no recommendation)