$PEOPLE Short Setup
Retesting a key supply zone after the latest recovery started losing momentum. Price is now entering a resistance area where sellers could regain control.
Trading Plan — Short $PEOPLE
Entry: 0.0115 - 0.0124
SL: 0.0130
TP1: 0.0110
TP2: 0.0104
TP3: 0.0100
The recent rebound has pushed price into resistance, while buyers are struggling to extend the recovery above the current structure. This weakness could leave downside liquidity exposed below the recent lows.
If supply continues to hold and selling pressure increases, price could rotate lower toward the next liquidity pockets. Manage risk carefully, avoid excessive leverage, and wait for confirmation.
DYOR (Do Your Own Research).
Retesting a key supply zone after the latest recovery started losing momentum. Price is now entering a resistance area where sellers could regain control.
Trading Plan — Short $PEOPLE
Entry: 0.0115 - 0.0124
SL: 0.0130
TP1: 0.0110
TP2: 0.0104
TP3: 0.0100
The recent rebound has pushed price into resistance, while buyers are struggling to extend the recovery above the current structure. This weakness could leave downside liquidity exposed below the recent lows.
If supply continues to hold and selling pressure increases, price could rotate lower toward the next liquidity pockets. Manage risk carefully, avoid excessive leverage, and wait for confirmation.
DYOR (Do Your Own Research).