$PHB looks like it’s running out of steam after a quick push to $0.595. The climb has stalled, and price is now hovering around $0.556 with resistance holding firm near $0.56. Sellers are stepping in, leaving rejection candles that hint at a potential shift in momentum.

If the price struggles to break above $0.560, this could be a prime spot for a short setup, aiming for a pullback toward $0.538, $0.525, and even $0.511. Volume is fading on the highs, a classic sign of weakening bullish pressure, while the market seems poised for a corrective move.

For traders watching closely, a failure to reclaim above $0.560 could set the stage for a clean downside play with a favorable risk-to-reward profile.

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