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Phoenix / TetherUS

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PHBUSDT trade ideas

PHB looks bearishPHB appears to be involved in an ABC correction. Now it looks like the inside of wave B and wave B looks like a triangle. The red range of supply is the best place for a sell/short position. The targets are clear on the chart Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
6
How To Trade NEW ALTS - SECRET PATTERN 📈New Alts - a Pattern Newly released alts all seem to follow the same pattern, at least for the first few weeks. From the frontpage chart, you'll notice a very interesting "fractal" if we can call it that. It goes something like this: 🚀 Opening Candle 💥 Top Out 👇 Hard Drop ❕ Re-enters opening price or goes under 🔁 Bottoms out (HERE IS WHERE YOU BUY) 🚀 Higher Highs follow. With this said, it seems evident that you should WAIT to buy a coin that has just been released on the exchange. Although you could try to jump in to the moving train, the risk is simply too high if you do not already have a position. Worried that you missed the PUMP? Don't worry! Here's a list of strong coins that can return high profits, IF you're willing to wait for the right entry: 1) JTO : BINANCE:JTOUSDT 2) RVF : MEXC:RVFUSDT 3) AIUSDT: BINANCE:AIUSDT 4) MAV : BINANCE:MAVUSDT 5) NOT : BINANCE:NOTUSDT ALTS that have already retraced, bottomed out and establishing higher lows. These alts you could easily preset TP targets from 15% onwards, depending on your risk appetite: 6) RVN : OKX:RVNUSDT.P 7) RSR : BINANCE:RSRUSDT 8) RAY : BINANCE:RAYUSDT 9) LPT : BINANCE:LPTUSDT 10) KSM : BINANCE:KSMUSDT ALWAYS remember to take caution in the volatile world of crypto with a SL and reasonable targets. Remember that trading newly released alts and memecoins greatly increase the risk on top of the existing risk of crypto. ___________________________________
Long
by CryptoCheck-
1
PHBUSDT.4HPHB/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Phoenix (PHB) has experienced a significant upward trend recently, with the current price at approximately 2.9137 USD. The price is following an upward sloping trend line, indicating strong bullish momentum. There are two major resistance levels to watch: R1 at 3.1619 USD and R2 at 3.8438 USD. The price is currently approaching R1, and a successful break above this level could see it testing R2, indicating further bullish momentum. Support Levels: On the downside, the primary support level is identified as S1 at 2.4241 USD. This level has shown strong buying interest and could act as a floor if the price starts to decline. Below S1, the next significant support levels are S2 at 2.0440 USD and S3 at 1.1253 USD, which have been critical support zones in the past. Volume Analysis: The volume pattern indicates that the recent upward movements were accompanied by substantial trading volume, reinforcing the bullish sentiment. High volume on price increases typically suggests strong market participation and confidence in the upward trend. Conclusion: In conclusion, the PHB/USDT pair is currently in a strong bullish trend, supported by a rising trend line and significant trading volume. The key resistance levels to watch are 3.1619 USD and 3.8438 USD. A break above these levels would confirm continued bullish momentum. On the downside, the support levels at 2.4241 USD, 2.0440 USD, and 1.1253 USD are critical for maintaining the bullish outlook. A failure to hold these support levels could lead to a deeper retracement. Overall, the market sentiment for PHB remains optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
Long
by MarsSignals
PHB/USDT Retest is valid, ready for continue upward movement!💎 Paradisers, #PHB is indeed a coin worth monitoring closely. It has successfully broken through the resistance area, transitioning it into a support zone. 💎 Moreover, PHB has also managed to break free from the confines of a descending channel pattern. These developments suggest a bullish momentum with a trend reversal from bearish to bullish. 💎 Given this scenario, the potential for PHB is further upward movement, with the next target being the resistance around the $3.15 area. Breaking through this level is crucial for PHB to reach our target strong resistance area at the all-time high (ATH). 💎 However, if PHB fails to sustain its upward trajectory and instead consolidates around the support area, it could signify weakness in the support. In such a scenario, there's a risk of the support breaking down, leading PHB back into a downward movement towards the demand area around $1.49. 💎 It's worth noting that historically, this demand area has demonstrated resilience for PHB, with previous instances resulting in significant bounces. However, if PHB fails to bounce from the demand area and instead breaks below it, the bullish thesis would be invalidated. This would signal further downward movement, potentially pushing PHB into a deeper decline. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
8
PHB/USDT Bounce from the support and ready for continue upward!💎 PHB has recently undergone notable market dynamics, currently showing signs of bouncing from a support area. 💎 There is potential for PHB to resume its upward trajectory and test the resistance around the 3.16 area. A successful breakout above this resistance, probability could pave the way for PHB to revisit its previous all-time high zone. 💎 However, if PHB fails to bounce from the support and instead breaks below it, the next support level to watch is around the $1.7 to $1.5 area. This support zone coincides with PHB's previous all-time high, which could now act as a strong support. 💎 Upon reaching the support around $1.7, it's crucial for PHB to bounce if it intends to continue its bullish movement. A failure to do so, resulting in a breakdown below the support area, could indicate bearish momentum and lead to further downward movement for PHB's price.
by MyCryptoParadise