🚀 $PHB /USDT: On the Verge of a Breakout!
Current Price: $1.394 (+16.36%)
24H High: $1.500 | 24H Low: $1.070
$PHB has shown impressive bullish momentum, climbing significantly from $1.070 and hitting a recent high of $1.500. The RSI at 81 indicates overbought conditions, suggesting potential for either a continuation or a pullback.
Key Levels to Watch:
Resistance: $1.500 – A breakout above this level could lead to targets at $1.600 and $1.750.
Support: $1.330 – Holding above this level is critical to maintain the bullish trend.
Trade Setup:
1. Long Entry: Above $1.400, targeting $1.500 and $1.600.
2. Short Entry: Below $1.330, aiming for $1.250 and $1.200.
Risk Management:
Stop-Loss for Long: $1.320
Stop-Loss for Short: $1.450
Market Insight:
Volume has surged, indicating strong market interest. Bulls are in control, but caution is advised due to overbought RSI levels. A consolidation phase may occur before the next big move.