$PHB USDT – SHARP REJECTION AFTER SPIKE, BEARS STEP IN

REJECTED FROM $0.589

LOSS OF MOMENTUM NEAR $0.550

$PHB saw a strong upward spike toward $0.589 but failed to hold gains. The 1H chart now shows a long upper wick and a red candle forming right after the breakout attempt—signaling early signs of a potential reversal. Price is hovering near $0.549, and weakness may continue if bulls don’t step back in soon.

SHORT TRADE SETUP (1H CHART):

• Entry: $0.548 – $0.555

• Target 1: $0.529

• Target 2: $0.508

• Stop Loss: $0.566

Bearish divergence forming. If PHB loses $0.545 support, expect deeper retracement toward lower levels.

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