$PHB USDT – SHORT TRADE SIGNAL🔴

PHB is facing heavy selling pressure, dropping nearly 8% and breaking below the key support zone of $0.724. Price is now trading around $0.701, with lower highs and sustained bearish momentum.

📊 Key Levels:

• Resistance: $0.750 – $0.800

• Support: $0.689, then $0.650

• Breakout Zone: $0.699 breakdown confirmed

• Consolidation Zone: $0.724 – $0.750 (now flipped to resistance)

📉 Price Action:

Bearish breakdown below $0.724 turned former support into resistance. If $0.689 fails to hold, next bearish leg likely toward $0.650 and $0.621.

🎯 Trade Setup:

• Entry Point: $0.700 – $0.705

• Stop Loss: $0.724

• Take Profit:

 • TP1: $0.689

 • TP2: $0.650

 • TP3: $0.621

• Margin: 2–3% of wallet

• Leverage: 10x

📉 Market Outlook:

PHB is in a strong downtrend, with momentum favoring sellers. Below $0.724, bearish continuation remains likely toward mid-$0.60s support range.

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