it will only Up Baby

Trading signal alert:$PHB /USDT has shown strong upward momentum

Technical Analysis for PHB/USDT (1H Timeframe):

Price Action: PHB/USDT has shown strong upward momentum, with the price currently trading at $2.062, reflecting a 16.17% increase in the last 24 hours.

The 24-hour low was $1.739, and the 24-hour high was $2.095, indicating significant bullish activity.

The RSI (6) is at 77.635, suggesting the asset is currently overbought, which could lead to a pullback or consolidation in the near term.

Resistance and Support Levels:

Resistance Levels:

First resistance: $2.095

Second resistance: $2.114 (next major hurdle)

Support Levels:

First support: $1.980

Second support: $1.848

Indicators Analysis:

Bullish Indicators:

Strong price movement with higher highs and higher lows.

Price holding above the critical support of $1.980.

Bearish Indicators:

RSI is overbought; a potential correction could occur.

Watch for rejection at the $2.095 resistance level.

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Trade Signals:

Short-Term (1H) Long Trade Signal:

Entry Price: $2.062 (current price)

Take Profit Targets:

TP1: $2.095

TP2: $2.114

TP3: $2.150

Stop Loss: $1.980

Short-Term (1H) Short Trade Signal:

Entry Price: $2.095 (if price fails to break resistance)

Take Profit Targets:

TP1: $1.980

TP2: $1.848

TP3: $1.800

Stop Loss: $2.114

Cautionary Note:

Monitor the $2.095 level closely for breakout or rejection signals.

Ensure proper risk management as the market is volatile.

Wait for RSI to stabilize or retrace slightly before initiating trades to avoid entering during overbought conditions.

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