๐จ **$PHB /USDT Short Trade Signal!** ๐จ
**Current Price:** $1.284
### **Trade Setup**
- **Entry Zone:** Short between $1.280 and $1.290
- **Target 1:** $1.240
- **Target 2:** $1.200
- **Stop Loss:** $1.310
- **Risk/Reward Ratio:** ~3:1
### **Trade Plan**
$PHB is encountering resistance around the **$1.290** level and showing signs of a potential pullback due to bearish divergence on the indicators.
- Look for short entries in the **$1.280-$1.290** range, targeting support levels at **$1.240** and **$1.200**.
- Set a stop loss at **$1.310** to limit risk in case of a breakout above resistance.
### **Market Insight**
The price has struggled to sustain momentum above **$1.290**, and growing selling pressure suggests a likely correction. Monitor bearish volume as confirmation for a move lower.
### **Pro Tip**
If the price consolidates near **$1.240**, consider locking in partial profits and adjusting your stop loss to break even on the remainder of the position.
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