💥 $PHB /USDT – Phoenix Awakening? Breakout Loading... 🔥📈
$PHB is flashing early signs of a breakout, bouncing from key support and holding above the 50-day MA. With the daily structure tightening and volume showing sparks, a potential rally could be in the making!
📊 Trade Setup:
• Entry Zone: $0.56 – $0.60
• Target 1 (TP1): $0.75 – Retest of 200-day MA & first major resistance
• Target 2 (TP2): $1.00 – Psychological level + previous supply zone ✅
• Stop Loss (SL): $0.48 – Below key support and 50-day MA
⚡ Technical View:
Structure is forming a base with higher lows. The bounce from the $0.50 support zone aligns with historical demand and MA confluence. A breakout above $0.63 could trigger strong upside.
🛡 Risk Note:
Break below $0.48 invalidates the bullish structure. Always manage risk smartly—especially on volatile midcaps like PHB.
🔄 Strategy Breakdown:
This trade plays on a daily chart recovery setup. We’re targeting a 200-day MA reclaim and potential psychological breakout at $1.00. Volume confirmation is key for continuation.
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