💎PHB is approaching a potential support zone.
💎 Paradiser, #PHB is currently approaching a previously broken resistance level, which has the potential to act as a support.
💎If #PHBUSDT exhibits Change Of Character (CHoCH) towards bullish sentiment in this area, it could suggest a possible bounce from here, targeting the next swing resistance levels.
💎In the event of a breakdown below this level, we might anticipate a bounce from the bullish OB level. However, it's advisable to set smaller targets if considering trading from this level.
💎Nevertheless, If both levels be breached, it may be prudent to refrain from trading #PHB and wait for clearer price action signals to emerge.
💎If #PHBUSDT exhibits Change Of Character (CHoCH) towards bullish sentiment in this area, it could suggest a possible bounce from here, targeting the next swing resistance levels.
💎In the event of a breakdown below this level, we might anticipate a bounce from the bullish OB level. However, it's advisable to set smaller targets if considering trading from this level.
💎Nevertheless, If both levels be breached, it may be prudent to refrain from trading #PHB and wait for clearer price action signals to emerge.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.