behdark

PHB LOOKS BEARISH

Short
BINANCE:PHBUSDT   Phoenix / TetherUS
By maintaining the red range of supply, it seems that PHB can drop more.

A liquidity pool is swept above and then the Order Flow (OF) is well done.

Now we have liquidity pools in the lower limits, it is expected that the price of the lower pools will also collect.

By LSH, we mean the Long Shadow, which is a marked support on the chart.

The targets are marked on the chart. Closing a daily candle above the supply range will violate the analysis

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

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