Is $PHB finding a floor after today’s 54.55% retracement?
The sharp drop to $0.015000 on $0.31M volume suggests aggressive liquidations are currently clearing the order book.
* **Stabilization:** Watch for a consolidation phase where volume tapers off, signaling that sellers are exhausted.
* **Bullish Trigger:** A sustained reclaim of local liquidity levels would be required to shift market structure back to neutral.
* **Invalidation:** Continued failure to hold current price floors under sustained selling pressure suggests further downside risk.
How are you adjusting your risk management during this period of high volatility?
Check…
Tap $PHB for the live chart. #PHB #BinanceSquare
The sharp drop to $0.015000 on $0.31M volume suggests aggressive liquidations are currently clearing the order book.
* **Stabilization:** Watch for a consolidation phase where volume tapers off, signaling that sellers are exhausted.
* **Bullish Trigger:** A sustained reclaim of local liquidity levels would be required to shift market structure back to neutral.
* **Invalidation:** Continued failure to hold current price floors under sustained selling pressure suggests further downside risk.
How are you adjusting your risk management during this period of high volatility?
Check…
Tap $PHB for the live chart. #PHB #BinanceSquare