The PHBUSDT trade is grounded in strong price action signals and a bullish divergence. Following this bullish divergence, PHBUSDT has entered a clear bullish trend, marked by higher highs and higher lows. Importantly, there is no sign of bearish divergence, reinforcing the bullish outlook.
I'm considering a long entry at $0.6850, with a stop loss (SL) set at $0.6100 for risk management. This SL level is in place to protect against potential adverse price movements.
The target for this trade is set at $0.76, reflecting a 1:1 risk-reward ratio, where the potential reward aligns with the risk associated with the trade.
It's important to note that the market's conditions can be highly dynamic, so conducting thorough research and staying vigilant is essential before making any investment decisions.
I'm considering a long entry at $0.6850, with a stop loss (SL) set at $0.6100 for risk management. This SL level is in place to protect against potential adverse price movements.
The target for this trade is set at $0.76, reflecting a 1:1 risk-reward ratio, where the potential reward aligns with the risk associated with the trade.
It's important to note that the market's conditions can be highly dynamic, so conducting thorough research and staying vigilant is essential before making any investment decisions.
Trade closed: target reached
TP HIT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.