🚨 This $PHB move fooled most traders… the top was the trap.
🔴 SHORT $PHB
Entry: $0.1965 – $0.1985
SL: $0.2080
TP1: $0.1800 | TP2: $0.1650 | TP3: $0.1500
After an 80%+ pump, price pushed into resistance —
then got rejected hard from the highs.
That move above $0.2200?
Not strength… a liquidity grab.
Now showing shooting star + bearish engulfing →
buyers exhausted, sellers taking control.
Price already lost the 20 EMA —
momentum shifting to the downside.
If this holds → deeper retrace follows 📉
If reclaimed → setup invalid, exit fast ❌
📌 Plan:
Stay below = ride the drop
Break above = cut immediately
⚠️ Watch:
If price taps $0.1800–$0.1830 and shows strong reaction,
a short-term bounce is possible — don’t get trapped both sides.
Most traders will try to buy this dip…
and get caught in the next leg down.
Breakout — or trap? 👇