PEOPLEBTC is currently trading within a well-defined descending channel, with price testing the bottom range of the pattern. A potential reversal from this level could initiate a move toward the upper boundary of the channel, aligning with the broader market structure.
The critical zone remains a key area to watch, as it will dictate the next major market decision. A confirmed breakout above this zone would trigger strong bullish momentum, potentially leading to a retest of the major supply zone outlined on the chart.
Price action within these key levels will determine whether the structure remains intact or shifts into a broader trend reversal.
Let us know your thoughts on this setup.
The critical zone remains a key area to watch, as it will dictate the next major market decision. A confirmed breakout above this zone would trigger strong bullish momentum, potentially leading to a retest of the major supply zone outlined on the chart.
Price action within these key levels will determine whether the structure remains intact or shifts into a broader trend reversal.
Let us know your thoughts on this setup.
Trade active
Just as expecting the BTC weakness plays to the advantage of most BTC pairs which People is one of them, we should expect the strength to continues.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.