š„ $PHB /USDT ā Sellers Taking Over Fast! š»
$PHB has flipped bearish after bulls failed to hold above key resistance. Weak momentum, declining volume, and back-to-back red candles show bears are tightening their grip.
š Trade Setup (Short ā Futures):
⢠Entry Zone: $0.725 ā $0.715
⢠Target 1 (TP1): $0.650
⢠Target 2 (TP2): $0.530 ā
⢠Stop Loss (SL): Above $0.750
š Technical View:
Price has broken structure below $0.750 and is heading toward key support levels. No strong demand zones nearby, making further downside likely.
š” Risk Note:
SL breach could trigger a quick reversal ā trade with strict risk management.
š Strategy Breakdown:
This is a momentum-based short play. The failed breakout above $0.750 combined with weak buyer interest signals a trend reversal. We're targeting deep support levels as selling pressure continues.
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