(PHBBTC) Possible new trade?

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:

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

注释

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.

交易手动结束

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! :)