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MyCryptoParadise_Nathan
Apr 4, 2024 8:04 PM

💎PHB is approaching a potential support zone. 

Phoenix / TetherUSBinance

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💎 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.

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