#PHBbullish Long Trade Setup!!! If you took my previous trade ( $PHB ).

the PHB/USDT 4-hour chart , here’s the analysis and a potential long setup:
Chart Analysis:
1. Trend Channel:
The price is moving within an ascending channel (blue and red regions).
The recent price action shows a bounce near the lower boundary of the channel, indicating potential support.
2. Key Levels:
Support: $1.46 (channel support).
Resistance: $1.75 (channel resistance and prior rejection zone).
Intermediate level: $1.56 (possible short-term resistance or target).
3. Rejection Patterns:
The chart highlights a prior rejection at $1.75.
The current zone is a potential reversal area with a bounce off the lower trendline.
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Long Setup:
Entry: Near the current price ($1.54–$1.52), close to the support zone and trendline bounce.
Stop Loss (SL): $1.44 (below the channel and recent lows, allowing for minor volatility).
Take Profit (TP):
TP1: $1.56 (intermediate resistance).
TP2: $1.75 (upper trendline and significant resistance zone).
Risk Management:
Ensure your risk-to-reward ratio is at least 1:2 for the trade.
Use position sizing that aligns with your risk tolerance.
Analyse now....$PHB 👇