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$PHB Trade Analysis | Multi-Timeframe Setup
š°ļø Higher Timeframes (Daily ā 3D ā Weekly):
The overall structure is bullish or in the final stages of accumulation.
The price has established a strong support base around 0.460.
Overall structure suggests an upward breakout is likely once the lower timeframes finish their correction.
š§ Strategy: Gradual Entry During 4H Correction
š½ Current 4H Chart Overview:
Indicators (MACD + %BB) show weakening momentum.
A pullback is likely before continuing the uptrend.
šÆ Planned Entry Levels (as you suggested):
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First Entry Zone: 0.508 USDT
Near previous resistance turned support and short-term MAs.
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Second Entry Zone: 0.460 USDT
Major historical demand zone and strong rebound area.
š Splitting entries between these two zones reduces risk and improves average entry.
šÆ Sell / First Target Zone:
š¢ Target 1: 0.555 USDT
Key resistance from descending trendline.
Good level to take partial profits before facing strong sell pressure.
#PHB #phoenix