Technical analysis by Darkanalysis about Symbol PEOPLE: Buy recommendation (5/13/2025)

### **Key Levels:** - **Daily Order Block (Resistance):** Strong bearish momentum hit the daily order block, weakening its strength. - **Hourly Breakout:** Price broke the resistance at **0.02460**, with a bullish order block forming before the breakout. ### **Trade Setup:** - **Entry Zone:** **0.02336 - 0.02460** (Retest of the bullish order block with weak momentum + confirmation of a reversal candlestick pattern). - **Stop Loss:** **0.02305** (Below the order block for invalidation). - **Take Profit (TP):** **0.03058** (Next key resistance level). ### **Analysis:** 1. **Order Block Interaction:** - The daily bearish order block lost strength after a strong rejection. - On the hourly chart, a bullish order block formed before the breakout at **0.02460**, indicating buyer interest. 2. **Confirmation Needed:** - Weak momentum retest + reversal candlestick (e.g., bullish engulfing, hammer, or pin bar) for entry confirmation. 3. **Risk Factors:** - False breakout risk if price fails to hold above the order block. - Low liquidity zones may cause slippage. ### **Trade Plan Summary:** - **Entry:** **0.02336 - 0.02460** (With reversal confirmation) - **SL:** **0.02305** - **TP:** **0.03058** - **Risk-Reward Ratio:** ~1:3 (Favorable) **#PEOPLE #USDT #OrderBlock #Breakout #Crypto