💎 PEOPLE has undeniably garnered significant attention in the market. Currently, PEOPLE is facing challenges breaking the resistance area, evident from historical rejections in this zone. There's a possibility that PEOPLE will make another attempt to break out of the resistance area, a crucial step for sustaining the upward movement. A successful breakout could propel PEOPLE toward the next major supply area.
💎 However, if PEOPLE encounters resistance and fails to break out, it may face rejection and return to the retesting phase at the demand area.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, PEOPLE fails to maintain its position and undergoes a breakdown. In such a case, PEOPLE may revert to the next lower demand area, requiring a bounce to reclaim the demand before considering further upward or downward movement toward a strong support area.
Trade closed: target reached
Nailed it again - #PEOPLE is up 570.94%, right on cue!
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.