$PHB signals potential reversal

$PHB on the short-term chart shows a slight bullish bias with the RSI at 60.74, MACD positive at 0.002, and Stochastic D crossing over 80. The price is hovering near the upper Bollinger Band at $1.132, suggesting a potential overbought condition.
For spot trading, a cautious entry could be considered if the price breaks above $1.132, with an exit target around $1.140 and a stop-loss at $1.125. Conversely, for futures trading, a short position might be viable if the price drops below $1.114, targeting $1.105 with a stop-loss at $1.120.

Moving to the hourly chart, $PHB exhibits a neutral stance with RSI at 59.60 and MACD showing a slight uptrend at 0.006. Stochastic indicators are correcting from overbought levels.
Spot traders could look for an entry above $1.139, targeting $1.150, and setting a stop-loss at $1.130.

A short entry below $1.087, aiming for $1.075, with a stop-loss at $1.095 might be considered.

On the daily timeframe, PHB displays a bearish sentiment with RSI at 42.27 and a negative MACD of -0.060. The Stochastic indicators are in oversold territory, signaling a potential reversal.
Spot traders may wait for a confirmed breakout above $1.137 to consider a long position with a target at $1.160 and a stop-loss at $1.120.

A short entry below $1.000, targeting $0.990, with a stop-loss at $1.020.

Key support at $1.114 and resistance at $1.137 for decision-making.

**Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.
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