【$PEOPLE Signal】Long - 1H pullback confirmation, main force clearly intends to support the price

$PEOPLE The 1H timeframe has experienced a massive rally and is currently in a healthy consolidation phase with decreasing volume, with the price supported above the key EMA moving averages. The 4H timeframe has formed a clear upward trend, with stable open interest, indicating that funds have not exited the market, and the main force's intention to support the price is clear. The current price is far from the 1H EMA20, so chasing the high is not advisable. Be patient and wait for a pullback to the optimized entry zone.

🎯Direction: Long (pullback pending order)

⚡Entry/Order: 0.00686 - 0.00701

🛑Stop Loss: 0.00665

🚀Target 1: 0.00745

🚀Target 2: 0.00770

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price. The remaining position will be managed with a trailing stop to aim for higher targets. If the price retraces and breaks the trailing stop line, exit all positions.

Deep Logic: The 4-hour chart shows that the price has broken out of the previous consolidation range, with volume significantly increasing, which is a clear signal of main force entering the market. Although the 1-hour RSI has pulled back from high levels, it remains in a healthy zone, and the buy order depth at key support levels (0.0070-0.0071) is unusually thick, forming a solid buffer zone. Open interest has remained stable during the price increase, ruling out pure short squeeze scenarios and suggesting that the bulls are actively absorbing supply after accumulation. Coupled with a positive funding rate, market sentiment is leaning bullish but not overheated, leaving room for further upside.

Check real-time market 👇 $PEOPLE

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