a short technical analysis and trade signal for $PHB
/USDT with three target levels and momentum insights:
Technical Analysis:
Current Price: $1.45 (+0.90%)
24h High: $1.494
24h Low: $1.381
Support Levels: $1.38, $1.40 (strong near current price), $1.42
Resistance Levels: $1.49 (near 24h high), $1.50, $1.52
Trade Signal:
Entry Price: $1.46 (consider buying near current market price)
Target Levels (Profits to consider at each level):
1. Target 1 (T1): $1.50 (Resistance breakout)
2. Target 2 (T2): $1.52 (Next strong resistance)
3. Target 3 (T3): $1.55 (Profit-taking zone)
Momentum & Trend:
Momentum is bullish with a positive 24h change of +0.90%. The price is above the support and gradually pushing toward key resistance levels at $1.49 and above.
Confirmation: Look for a potential break above $1.49 and $1.50 as bullish signals for upward movement. RSI and MACD indicators (if checked) would likely confirm upward momentum in this range.
Stop-Loss suggestion: Set at $1.40 or just below this support level to minimize potential loss in case of reversal.