$PHB /USDT – BEARISH TREND WITH BREAKDOWN RISKS AHEAD

PHB is trading at $0.525, down -8.22%, showing consistent weakness after rejection from the $0.576 high. The current price hovers just above the 24h low of $0.510, with bears maintaining control and no strong bounce signals in sight.

KEY LEVELS TO WATCH:

Support:

$0.510 (24h low, immediate support)

$0.495 (next key demand zone)

Resistance:

$0.535 (minor intraday resistance)

$0.560–$0.576 (major supply zone)

TRADE SETUP – SHORT POSITION

🔻 Entry: $0.525–$0.530 (current range or rejection at resistance)

Take Profit (TP):

TP1: $0.510

TP2: $0.495

TP3: $0.475 (extended bearish continuation)

Stop Loss (SL): $0.535 (above short-term resistance)

RISK MANAGEMENT:

Use strict SL. Risk 1–2% max. Confirm entry on 15m or 1h bearish candle close. Manage trade—don't hope, react smartly.

NOTE: PHB remains in a clear downtrend, and a break below $0.510 could trigger further sell-offs. Momentum is with the bears.

#PHB #ShortSetup #CryptoBearish #PHBUSDT #Layer1 #TechnicalAnalysis #Binance #RiskManagement #Write2Earn $PHB