$PHB
/USDT – SHORT-TERM REVERSAL OR DEAD CAT BOUNCE?
Bounce off intraday low at $0.550
Bearish pressure still visible on 15-min chart
$PHB saw a sharp drop from $0.609 to $0.550 before rebounding to $0.571. Despite the +6.13% daily move, the current structure shows lower highs and weak volume recovery, indicating caution for bulls.
Short Trade Setup
Entry: $0.571
Targets:
TP1: $0.558
TP2: $0.545
Stop Loss: $0.585
This bounce could be short-lived unless bulls reclaim $0.586+ with strength. Currently favoring scalps or short setups.
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