sell

Short Setup on PEOPL token with Multilevel TP and SL Buffer

This trade setup on the PEOPLE cryptocurrency involves a short position entered at the current market price of 0.0186, with no limit zone specified. The entry is based on a mitigation imbalance on the 3-hour timeframe, and no nearby fair value gap is observed, except for a retest on the 20-minute chart. The stop-loss is set at 0.0206, placed beyond the 3-hour order block with a 0.5% buffer for safety. The take-profit targets are set at three levels: 0.0173 identifying a local low, 0.0155 aligned with higher timeframe liquidity, and 0.0134 extended by wave (1.618 multiplier of the last impulse).
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AI Analysis

This trading setup demonstrates a disciplined approach to shorting the PEOPL cryptocurrency. By entering at the current market price of 0.0186 without a limit zone, the trader responds quickly to mark...

AI Recommendation

Considering the detailed setup, this trading plan appears well-structured with clear risk management and profit-taking strategies. If the current market conditions still align with the initial analysi...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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