#PHB/USDT is rejecting from the Diagonal Trendline

Oct 29

#PHB

The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.

We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.

There is a key support zone in green at the price of 0.482, representing a strong support point.

We have a trend of consolidation above the 100-period moving average.

Entry price: 0.494
First target: 0.513
Second target: 0.535
Third target: 0.563

Don't forget a simple point: capital management.

Upon reaching the first target, save some money and then change your stop-loss order to an entry order.

For any questions, please leave a comment.

Thank you.

Nov 9

Trade active

#PHB
First target: 0.513 Reached
Second target: 0.535 Reached