💎 PHB has undeniably garnered significant attention in the market. Currently, it has successfully broken out of the key supply area after a perfect bounce from the demand at $0.652.
💎 There's a possibility of a retesting phase at the demand area of $0.787, which was previously a supply zone, continuing the upward movement. However, considering the historical false breakout of the supply on November 12, sustaining the demand is crucial to maintaining the upward momentum and probability reaching our target supply area and major supply zone.
💎 But if PHB fails to sustain and experiences another false breakout, it may retreat to the demand area at $0.652 or even break down below this level. In such a scenario, PHB confirms a shift back to a bearish trend, potentially continuing the downward movement towards the strong support area.