๐จ *PHB (Phoenix Global) Technical Breakdown*
*Current Price:* 0.538
*Summary:* Wave E appears completed โ . Price has *reclaimed the flip zone*, indicating bullish momentum โ *but confirmation is key*. If *daily closes hold above support*, upside targets are likely. ๐
โ
๐ฏ Price Predictions Table:
| Level | Price | Reason |
|โโโ|โโโ|โโโโโโโโโโโโโโโโ-|
| TP1 |0.62 | Minor resistance from May-June 2024 |
| TP2 | 0.71 | Previous local high fib extension target |
| TP3 |0.85 | Breakout zone from 2023 structure |
| SL | 0.48 | Below reclaim zone; invalidates bullish bias |
โ
๐ Analysis:
๐น *Wave Structure*:
- PHB completed its *ABCDE correction*, with Wave E forming a rounded base.
- Price broke out and *flipped resistance into support* around0.50โ0.52.
๐น *Momentum*:
- *RSI trending up*, but not overbought = still room to run
- *Volume increasing* on green candles = buyers stepping in ๐ช
- *MACD crossover* suggests early bullish phase
๐น *Key Flip Zone*:
-0.52 is the *must-hold level*. If daily closes below, setup is invalidated.
- Holding above this confirms strength, inviting a move toward 0.60+ ๐
โ
๐ง Strategy:
- Entry: Spot or low-leverage near0.52โ0.54
- Stop-loss:0.48 (below structure)
- Scaling out at each TP โ especially 0.71 where profit-taking likely
- Watch BTC dominance + alt sentiment for added confirmation
โ
๐ *Conclusion*:
PHB has *technically flipped bullish* post-Wave E. If it holds above the flip zone, targets to0.71โ0.85 are on the table. But a *daily close below0.48โ0.50* would kill momentum โ ๏ธ
๐ *Momentum is building... eyes on daily close!*
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