Yello, Paradisers! Are we about to see a deeper plunge for #PHBUSDT? Let’s dive into the details!
💎#PHB has confirmed a shift to a bearish outlook after breaking down its crucial support trendline. Right now, our immediate target is the $1.57 support area. If the price breaks below this level, the bearish continuation will likely accelerate, increasing the probability of reaching our final target in the $1.34 demand zone.
💎If Bitcoin shows strength and rebounds, PHB could see a temporary relief rally, potentially testing the fresh supply zone at $1.83 - $1.93 before resuming any significant downward movement.
💎Bearish invalidation occurs if PHB closes above $2.12—this would signal a continuation of the upward momentum and make any short positions invalid.
Remember, it’s all about timing the market at the right levels for maximum gains.
MyCryptoParadise
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