Mock Up Price Action for PEOPLE | Now (15MIN)
Mock Up Price Action for
PEOPLEUSDT
| Now (15MIN)
- Watching and waiting for THE opportunity to enter short, targets under consideration marked
- This looks and feels like a MEXC:1000PEPE2USDT.P moment with double peaks one after another, just on a much quicker timeframe! Second peak for 1000PEPE2 was roughly 40% higher than the first
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
And so it begins, round two.
PEOPLEUSDT
| Now (15MIN) - Watching and waiting for THE opportunity to enter short, targets under consideration marked
- This looks and feels like a MEXC:1000PEPE2USDT.P moment with double peaks one after another, just on a much quicker timeframe! Second peak for 1000PEPE2 was roughly 40% higher than the first
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
And so it begins, round two.
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Monitoring Still
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Glassfish open interest been steady climbing all day. Ratio of positions/accounts aggregated and top traders flipping bullish slowly. Expecting a nice TRB style flash of brilliance before deep correction. Multi timeframe RSI ribbon to come together and peak high 90s.
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Watching this one closely
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Chart a bit, 'busy', but... I can easily see this happening. Pump fake down 20% to lure in the shorts. Convincing 'dump', before stopping around 0.034, turning around, slowly climbing and then picking up speed. Enough speed upwards to begin to hit stop loss points and also trigger liquidation prices, that then escalates quickly up and up and up.
