1.Support Level: PHB has recently broken out of its support level around $1.9 (near EMA200). This level acts as a safety net for price declines.
2.Resistance Level: The first local resistance level is at the previous high of $2.421. If PHB surpasses this level, it could signal further bullish momentum.
3.Entry Strategy:
Long Position: Wait for a trendline breakout (above $2.421) to open a long position.
Stop Loss: Set a stop loss below the strong support level at $1.43.
:Remember to perform your own due diligence and adjust your strategy based on market conditions. Happy trading! 📈💡
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