$PHB Here’s a detailed analysis of Red Pulse considering the recent long liquidation and potential trading setup.

Recent Activity.

A long liquidation of $1.1031K occurred at the price of $1.72355.

This indicates a significant sell off from leveraged positions, possibly leading to price fluctuations and opening trading opportunities.

Market Sentiment.

After such liquidations, price movements usually depend on market reactions whether buyers step in or the downtrend continues.

It's essential to identify key support and resistance zones for planning trades.

Trading Setup for $PHB.

Buy Zone.

$1.650 - $1.700. This zone represents a strong demand area where buyers might gain control.

Targets. Take Profit Levels.

1. Target 1: $1.770

2. Target 2: $1.840

3. Target 3: $1.920

Stop Loss.

Place your stop loss below $1.620, ensuring a controlled risk in case of further downside.

Why This Setup Works.

1. Buy Zone.

Historically, this area has shown significant buyer interest, and with the liquidation shake-out, the price might stabilize here.

2. Targets.

These are based on key resistance levels and Fibonacci retracements.

3. Stop Loss.

Keeps risk minimal in case of unexpected market movement.

Tips for Trading $PHB.

1. Wait for confirmation before entering the buy zone. Look for bullish signals like green candles or increasing volume.

2. Use proper risk management. Never risk more than 2-3% of your portfolio on a single trade.

3. Monitor the market sentiment and news related to $PHB for any sudden changes.

Let me know if you need more details or updates on $PHB.

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