We had a good trade previously and now we might have that opportunity again. Let's get into the chart!
Pattern:
After setting its ATH, PHB has been doing what a normal coin would do = a healthy retracement. It has retraced into 23.6% and 38.2% zone and now hovering in this zone.
Indicators:
Trading plan:
As for now, our potential buy zone which is between 340-355 sats. Get a small bag in this zone and keep a tight stop-loss. This buy zone is also the immediate support.
If candle closes above the EMA10, we will be bullish again for PHB.
Let's see how the price actions will go for the next few hours.
Buy range: 340-355
Target: 411-448-501-569-689-764
Stoploss (10% from entry): 306-320
Pattern:
After setting its ATH, PHB has been doing what a normal coin would do = a healthy retracement. It has retraced into 23.6% and 38.2% zone and now hovering in this zone.
Indicators:
- MACD still remain bullish
- RSI still have plenty of room upwards
- Candlesticks still below EMA10 = bearish
Trading plan:
As for now, our potential buy zone which is between 340-355 sats. Get a small bag in this zone and keep a tight stop-loss. This buy zone is also the immediate support.
If candle closes above the EMA10, we will be bullish again for PHB.
Let's see how the price actions will go for the next few hours.
Buy range: 340-355
Target: 411-448-501-569-689-764
Stoploss (10% from entry): 306-320
Nota
As we can see, PHB did try to break our EMA10 but did not manage to hold above it. Oour immediate support is broken and now PHB is hovering right above our final support (300-335 sats).
We would be bullish if PHB closes above 335 sats.
Let's continue to see where PHB is going.
Dagangan ditutup secara manual
Once again, BTC's movement caused alts bloodbatch. Our PHB managed to break out of its sideway movement but did not manage to hold.
Could have been a good trade but until BTC is stable, alts will be very risky.
For sure we will opportunities again soon. See you in the next trade! :)
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.