$PEOPLE Short Setup: Weakness Intensifies 🩸📉
ConstitutionDAO ($PEOPLE ) is showing a clear bearish structure on the lower timeframes. With the price failing to reclaim previous highs and consistently printing lower highs, the momentum has shifted in favor of the sellers. A break below local support could trigger a rapid sell-off toward the major psychological levels.
📉 The Trade Strategy (Short)
Entry Zone: $0.01110 – 0.01150
Stop Loss (SL): 0.01245 (Above recent resistance)
Risk Profile: High Volatility — Trade with discipline.
🎯 Downside Targets
Level Price Target Strategy
TP 1 $0.01050 Initial support test
TP 2 $0.01000 Major psychological floor
TP 3 $0.00905 Liquidity grab zone
🔍 Market Analysis
Trend: Weak structure. The "PolitiFi" narrative is cooling off, and volume is beginning to thin out on the buy side.
Bearish Trigger: A confirmed candle close below the $0.01080 area will likely accelerate the "bleed" as late longs get liquidated.
Execution: No mercy for weak bounces. Focus on the trend and manage your risk strictly.
Nabiha Noor
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