Price: 0.01914 | EMA7: 0.02 | EMA25: 0.03 | RSI14: 41.81 | Resistance: 0.144 | Support: 0.00846 | Average Volume: 4497509740.28 | Volume Trend: Decreasing
Based on the 1-week chart of PEOPLEUSDT, here's my analysis:
The price is currently at $0.01914, which is above the EMA7 and below the EMA25, indicating a bearish trend. The RSI14 is at 41.81, which is in the neutral zone.
Advice:
1. For a Long approach:
* Enter at $0.0155 (near the EMA7) to catch the potential bounce.
* Set a take-profit around $0.02 for a 30% gain.
2. For a Short approach:
* Enter at $0.02 (near the EMA25) for a potential downtrend.
* Set a take-profit around $0.0085 for a 57% gain.
For spot buying, consider waiting until the price reaches $0.0135 (near the support level) for a potential buying opportunity. This will give you some buffer in case the price continues to decline.
Remember to monitor the MACD and RSI for any signs of trend reversal or exhaustion.