$PHB is experiencing a significant upturn, with its intraday value soaring by 7%. After a recent dip to $0.487, the asset has rebounded to approximately $0.534, marking a daily increase of 4.30% and a rapid 7.68% bounce. A "V-shaped reversal"
$PHB pattern is evident on the 1-hour chart, indicating a strong trend reversal as the price nears its 24-hour peak of $0.538.
For traders, a strategic entry point is identified between $0.528 and $0.534. A stop-loss is recommended at $0.515 to manage risk. The following target prices are set:
#TP1 at $0.545,
#TP2 at $0.562, and TP3 at $0.585.
Despite persistent short-term selling pressure at 52.72%, a concurrent increase in trading volume suggests a growing bullish sentiment. A definitive move past the $0.538 resistance level could signal a favorable shift in the near-term trajectory for PHB. Investors should remain vigilant for a confirmed breakout.