๐ฅ $PTB UPDATE ๐ฅ
๐ Trend check: $PTB is still in a strong bullish trend, but after pushing into overbought territory โ ๏ธ, itโs now pulling back โ a classic correction phase ๐. Iโm staying cautiously bullish, but patience is key โณ. Waiting for a cleaner pullback is the smarter move here.
๐ Volume insight: Recent 1H candles are showing declining volume ๐ as price cools off from the 24H high at 0.003517. That suggests buyers are taking a breather ๐ฎโ๐จ. Still, overall 24H volume remains healthy ๐ช, which keeps the broader uptrend intact.
๐ธ Capital flow: Weโre seeing steady net contract outflows across multiple timeframes โ about -4,041,351 USDT in the last 24H. Looks like leveraged traders are locking in profits ๐ผ, which fits perfectly with this short-term dip.
๐ฏ Long entry zones for $PTB:
โข ๐ข Around 0.0030637 (Key Support)
โข ๐ข Near the Bollinger mid-band at 0.0030758
๐ Bullish trigger: If price breaks and holds above 0.0034435 (Bollinger upper band) with strong volume ๐, that could ignite the next leg up.
๐ Risk management:
โข Set a stop-loss ~3% below entry
โข Example: 0.0029800 SL if entering near 0.0030700
๐ฏ Upside target:
โข 0.0036107 (Resistance)
โข Potential +5% to +10% gains ๐
๐ Market snapshot:
PTBUSDT Perp
๐ฒ 0.003288
๐ +23.28%
โ ๏ธ Final note: Short-term conditions are still overheated ๐ฅ, so donโt FOMO into strength. If price breaks below 0.0030637, it may be better to wait for the next support at 0.0027433 or reassess the setup entirely ๐ค.
#PTB #PTBUSDT #PortaltoBitcoin ๐
