ChartmanChris

PHB W consolidation.4h OS at support.Daytrade for a quick flip.

BYBIT:PHBUSDT.P   PHBUSDT Perpetual Contract
PHB 4h OS at support.
D rising wedge marked the top.
Playing for a daytrade flip .

I would say W consolidation underway. D was a bearflag. tiny pivot.
Lost D ema 12.

not a great setup for 4h OS to catch W HL. trade smaller.

I think the lower POC will have to be revisited.

set alarm for the lower POC.

PS: 2H STAIRSTEP drop.
ALso check for news. PHB and me have some unhappy history from end of Feb/March.
Trade active:
PHB nice H E&A after 4h OS yesterday. out 1/3rd. Stop in profit.
next target horizontal Value Area and resistance . then looking for a 12 h right shoulder and more W consolidation to possibly come.

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