#Phoenix - $PHB It was one of the tokens that I have looked at for the first time because it has been requested.

I said that I did not find it healthy, I am just sharing its current state for reference as to how it has progressed after my analysis.

Since the reversal limit I mentioned has not been breached, the downtrend continues as it is.

As I pointed out, it reached the green box support level and liquidation below this level was swept. If it makes a daily close above 0.644, it may retest the downtrend resistance.

In any case, the green box should not be lost, there is a liquidation pool that can be broken very easily from the green box to the two levels I added below, and there is no demand area that can support below this level.

Therefore, I think there is no need to take risks unless it is seen that it is permanent above the green box and make new Higher Highs and Higher Lows.