MyCryptoParadise_Nathan

PHB/USDT It required the strong resistance Switch to Bullish !!

BINANCE:PHBUSDT   Phoenix / TetherUS
๐Ÿ’Ž PHB has become a focal point in the market, consistently encountering challenges at a key resistance area. Historical patterns reveal that each time PHB approaches this strong resistance, it faces significant rejections and subsequent downturns. However, should PHB manage to break through this resistance, it probability could signal a shift to a bullish trend for the mid-term, with our next goal being the strong resistance area.

๐Ÿ’Ž If PHB is unable to achieve a breakout and remains in consolidation at this resistance level for the next few days, there's a risk of facing another rejection. This could lead PHB to revert back towards the support bullish trendline for a retest.

๐Ÿ’Ž The support bullish trendline is pivotal for PHB's trajectory; maintaining this level is crucial. If PHB breaks below this support, it could signal a return to a bearish trend for the short term. This scenario would likely lead PHB towards the lower support area, or potentially even further down to the demand area.
Trade closed: target reached:
#PHBโ€™s 100.18% rise? Called it!


Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

JOIN FREE๐Ÿ‘‰ t.me/+IaNzEzXsdiBlNDg0

๐ŸŽ–๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐Ÿ‘‰ shorturl.at/ikpAV
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.