$PHB /USDT.
๐ Current Price:
~$0.6470
๐ Timeframe:
4H (Medium-term swing view)
๐ Chart Analysis
Price Zones (Visual Markers from Your Screenshot):
$0.8000 โ Major resistance
$0.7500 / $0.7000 โ Intermediate supply zones
$0.6470 (current) โ Active level; former support turned into possible resistance
$0.6000 / $0.5500 โ Strong demand zones / potential bounce area
๐ Trend Analysis (4H):
Trend: Currently bearish to sideways, unless $0.70 is reclaimed
Volume: Likely declining unless there's recent volatility
Market Structure:
Lower highs forming since $0.80
Price hovering near key support โ possible range-bound setup forming
๐ Key Scenarios
โ Bullish Reversal (Needs Confirmation):
Trigger: Break above $0.70 with strong volume
Target: $0.7500 then $0.8000
Invalidation: Close back below $0.63
๐ Range Trading (Neutral Bias):
Buy Zone: $0.6000โ$0.5500
Sell Zone: $0.7000โ$0.7500
Stop: Below $0.5400
โ ๏ธ Bearish Breakdown:
Trigger: Loss of $0.6000 with high volume
Target: $0.5000 and lower
Watch: RSI/MACD divergence or breakdown in broader altcoins
๐ง Summary
Neutral to bearish bias until $0.70 is regained
Ideal for range scalping or waiting for breakout confirmation
If Phoenix has fundamental updates, those could affect this range quickly โ keep alerts at $0.70 and $0.6000
Would you like a short-term (15mโ1h) view or possible scalping levels on Phoenix too?
#BinanceAlphaAlert #BinanceHODLerHAEDAL #BTCBreaksATH110K #Write2Earn! #phb