PHB/USDT trendline breakout alert
PHB has broken above a key descending trendline, signaling a potential shift in momentum from bearish to bullish. Trendline breakouts often indicate the end of a correction or consolidation phase and the beginning of a new trend.
If PHB holds above the breakout level with increasing volume, it could lead to further upside. However, a drop back below the trendline may invalidate the breakout and signal a false move.
Key levels to watch:
* Retest of the broken trendline as support
* Immediate resistance overhead
* Volume confirmation for strength
Monitor PHB closely — this breakout could be the start of a trend reversal if confirmed.
PHB has broken above a key descending trendline, signaling a potential shift in momentum from bearish to bullish. Trendline breakouts often indicate the end of a correction or consolidation phase and the beginning of a new trend.
If PHB holds above the breakout level with increasing volume, it could lead to further upside. However, a drop back below the trendline may invalidate the breakout and signal a false move.
Key levels to watch:
* Retest of the broken trendline as support
* Immediate resistance overhead
* Volume confirmation for strength
Monitor PHB closely — this breakout could be the start of a trend reversal if confirmed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.