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PEOPLE / TetherUS PERPETUAL CONTRACT

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PEOPLEUSDT.P trade ideas

PEOPLE/USDT: Strong Bullish MomentumThe chart analysis presents a promising outlook for PEOPLE against USDT, showcasing potential upward movement within an ascending channel structure. Currently, the price is situated positively above several moving averages, closely following an uptrend pattern which indicates continued bullish momentum. The short-term target is set at the 1.272 Fibonacci extension level, which aligns with the upper boundary of the trend channel. This confluence suggests a strong resistance level that could be tested soon. If hit, this target of approximately 0.10598 represents a significant potential return of around 29%. This alignment of technical indicators supports a positive short-term forecast for PEOPLE/USDT. Monitoring the price action around this target will be vital to ensure profit-taking aligns with market dynamics.
Long
by siimh
2
#PEOPLE target area achieved, chase the rise cautiously📊#PEOPLE target area achieved, chase the rise cautiously⚠️ 🧠From a structural point of view, we started a trend reversal after breaking through the downward trend resistance line. We have now reached the weekly level target area, so please be cautious in chasing gains near the target area. ➡️We broke through the short defense point during the rise, which means that we will most likely break through the historical high in the future. Therefore, if the price can return to the buying zone again, we can look for new buying opportunities. Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:PEOPLEUSDT.P
Short
by wolf_king888
Potential Short (Waves)Technical Indicators Analysis RSI (Relative Strength Index): An RSI above 70 (93.52) typically indicates that a security is overbought. Assuming that the RSI is currently high (overbought), it supports the case for a short position. Wave Analysis: Wave patterns suggest that the price might be completing a wave 5 of an impulse wave, followed by a corrective wave (a). This pattern indicates a potential reversal or correction, aligning with the short position strategy. Trade Setup Summary Entry: 0.11248 Take Profit: 0.08810 Stop Loss: 0.12400 Additional Considerations Market Sentiment : Consider the overall market sentiment and any upcoming news that might impact the price of PEOPLE/USDT. Volume Analysis : Ensure that there is sufficient volume to support your trade decision. High volume at the entry point can validate the strength of the trend. This trade setup provides a clear risk-reward ratio and leverages both RSI and wave analysis to identify a potential short opportunity. Always consider the latest market data and adjust your stop loss and take profit levels accordingly to mitigate risks
Short
by KatarinaRostova
#People $people chart - entry model illustration This chart displays the price action of the PEOPLE/USDT perpetual contract on Binance over a period from late March to late May 2024. The chart includes annotations that describe various trading entries and price movements. Here's a breakdown: Support Flipped to Resistance and Range Top: Initially, a significant support level is identified, which later flips to resistance. This price level also marks the top of a trading range. Deviation: The price deviates below the support level, indicating a temporary break below the established range. Support and Range Low: The lower boundary of the trading range, which acts as support, is marked. Bullish Breakout: After consolidating within the range, the price breaks out above the resistance level, signaling a bullish trend. Retest: Following the breakout, the price retests the previous resistance level, now acting as support. Entries: Entry 1: Positioned at the range bottom/support, indicating a potential buy opportunity at the lowest range level. Entry 2: Located at the range middle, suggesting an entry as the price moves through the mid-point of the range. Entry 3: Breakout entry, placed at the point of the bullish breakout above the range top. Entry 4: Retracement entry, identified after a retracement following the initial pump. Price Movements: 66% Pump: The chart highlights a significant 66% price increase following the bullish breakout. Retracement Entry: A retracement occurs after the pump, offering another potential entry point for traders. Overall, the chart illustrates a trading strategy based on identifying key support and resistance levels, observing deviations and retests, and capitalizing on breakout and retracement opportunities.
Long
by CryptoNoan
1
#PEOPLE/USDT #PEOPLE We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.0200 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 0.02550 The first target is 0.03750 The second goal is 0.04560 The third goal is 0.05600
Long
by CryptoAnalystSignal
PEOPLE update (1D)This is an update to the analysis you see in the "Related Ideas" section. Before anything else, you should know that in the previous analysis, we warned that the momentum pump is high and we need confirmation to take a sell/short position. No bearish confirmation was issued and the new daily candle closed above our invalidation level The previous analysis was violated. Now, by checking the structure, it seems that we are in the first part of the big C wave. The first part seems to be a diametric. From the red range it can have a reversal down to complete the F wave For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
PEOPLE ANALYSIS (12H)Warning: Pump momentum is high, get confirmation for sell/short positions. From where we inserted "START" on the chart, it looks like a big triangle. We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric. We are looking for sell/short positions on the red range. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
PEOPLE (CONSTITUTIONDAO) BINANCE:PEOPLEUSDT have the cleanest impulse I've seen in a long while. Without past context I think we might just be completing the wave 4-yellow of an impulse which can either be a FLAT, CONTRACTING/SYMMETRICAL or BARRIER Triangle. I expect price to bounce from anywhere in the box and print at least 100%. The invalidation level (stop loss) for this an impulse is on the chart and it have a 4-6 Risk Reward potential. OTHER ANALYSIS www.tradingview.com
by DewyCandles