$PHB Long Liquidated!
A $1.68K long position on $PHB was liquidated at $1.48232, marking a shift towards bearish pressure in the market. The liquidation suggests that the bulls were unable to sustain upward momentum, leading to increased selling activity.
Key Insights:
Bearish Momentum: The liquidation indicates a shift in control to sellers, with a risk of further downside if bearish momentum continues.
Support Levels in Focus: $PHB could face tests of key support zones if the selling pressure accelerates.
PHB Technical Snapshot:
Resistance Level: $1.50
Support Zone: $1.45
Momentum: Bearish, with risks of further decline
Will php stabilize at support and attempt a rebound, or is further downside in store? Watch for key price levels and volume shifts for the next market direction!