They’re calling it a bounce… but the trend says otherwise.
$PHB /USDT - SHORT 📉
Trade Plan:
Entry: 0.0930 – 0.0960
SL: 0.1015
TP1: 0.0885
TP2: 0.0855
TP3: 0.0820
Why this setup?
• Daily trend is clearly bearish (lower highs & lower lows)
• Price still trading below key EMAs → strong resistance overhead
• Recent bounce looks weak — no real continuation
• RSI sitting in neutral zone → room for downside
What’s really happening?
This isn’t a reversal… it’s a relief bounce.
And relief bounces in a downtrend usually get sold into.
Invalidation:
Daily close above 0.1015 flips the bias → possible move towards 0.110+
Smart money sells the bounce. Retail buys the hope. 👀
#StrategyBTCPurchase #BianceSquare #altcoins
$PHB /USDT - SHORT 📉
Trade Plan:
Entry: 0.0930 – 0.0960
SL: 0.1015
TP1: 0.0885
TP2: 0.0855
TP3: 0.0820
Why this setup?
• Daily trend is clearly bearish (lower highs & lower lows)
• Price still trading below key EMAs → strong resistance overhead
• Recent bounce looks weak — no real continuation
• RSI sitting in neutral zone → room for downside
What’s really happening?
This isn’t a reversal… it’s a relief bounce.
And relief bounces in a downtrend usually get sold into.
Invalidation:
Daily close above 0.1015 flips the bias → possible move towards 0.110+
Smart money sells the bounce. Retail buys the hope. 👀
#StrategyBTCPurchase #BianceSquare #altcoins