PHB 🚨 Typical rebound from the bottom of the ascending channel to continue the positive trend


🟢 Center details (LONG) — Direct entry 👇
Current entry point: 0.079 👈
First target: 0.084 🎯
Second target: 0.089 🎯
Third target: 0.093 🎯
Stop loss: 0.073 ⚠️
🚨 Technical outlook and analysis
Price action: The price shows strong respect for the trend lines forming the upward structure (diagonal white lines). The recent candles successfully tested the support line precisely for the third consecutive time, and the current hourly candle has started to rebound green, giving the buy position a qualitative advantage (Excellent risk-to-reward ratio) to target the ceiling of the green zone.
Momentum and indicators: The digital data panel in the upper right corner shows a momentary positive shift as the momentum indicator registers rising prices (Momentum: Rising), supporting the return of buying liquidity after the correction phase within the channel.
Risk management: The stop loss has been precisely set at 0.073. This placement is fully protected as it is below the lower support line of the channel and beneath the last local bottom formed at 0.069, ensuring a quick and safe exit in case of a bearish structural break.
PHB-19.99%
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