PHB/USDT Bullish Momentum for PHB if the break is successful.

22 בפבר׳

💎 PHB has recently faced significant market dynamics, encountering a strong rejection at the resistance of its all-time high.

💎 There's potential for the price to undergo a downward retracement, testing the Bullish OB (Order Block) area to establish new momentum for another attempt at breaking out. If the breakout occurs without a retest of the OB area, it probability could signal a move toward our target area.

💎 During the retest of the Bullish OB area, PHB must bounce off this level and resume its upward trajectory to attempt another breakout above the resistance.

💎 However, if PHB fails to bounce and instead breaks down below the Bullish OB, it may indicate a shift towards a more bearish sentiment, leading the price downwards towards the demand area.

💎 The demand area serves as a critical support zone, and its breach could signify a significant downturn for PHB. Therefore, PHB needs to bounce off this level to maintain its bullish momentum. Failure to do so may lead to further downward movement for PHB.