$PHB (Red Pulse Phoenix) Technical Snapshot
PHB experienced a long liquidation of $1.84K at $0.69285, showing that overleveraged bulls were flushed out near resistance. This shakeout could provide a healthier setup for the next move if support holds steady.
🔹 Current Market Outlook:
PHB is currently hovering around $0.685, attempting to stabilize after recent volatility. A hold above $0.675 could signal strength returning to the market, while a drop below it might invite further downside pressure.
🔹 Key Support & Resistance Levels:
Support: $0.670 – $0.675
Resistance: $0.705 – $0.720
🔹 Trading Plan:
Buy Entry: $0.675 – $0.685 (on confirmation of rebound)
Sell Target: $0.710 – $0.720
Stop-Loss: Below $0.665
🔹 Market Sentiment:
The overall tone for PHB is cautiously bullish, with volume tapering off but indicators showing potential for recovery. A clean breakout above $0.705 could attract new buyers and trigger momentum toward $0.74.
Next Move Suggestion: Traders should monitor how PHB reacts near the $0.68 region — a strong rebound here could mark the beginning of another short-term bullish leg.
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