$PHA /USDT BEARISH TREND IN PLAY – SELLERS IN CONTROL!
Current Price: $0.1324
24H Drop: -13.69%
Technical Snapshot:
$PHA is sliding after rejection from $0.1565, now trading near its 24H low of $0.1299. Price is barely holding above MA60 ($0.1314), but momentum remains weak. Selling volume is dominant, and trend indicators suggest further downside.
Key Levels:
Resistance: $0.1365 / $0.1450
Support: $0.1290 / $0.1240
Trade Setup – SHORT IDEA
Entry Zone: $0.1320 – $0.1330
TP1: $0.1290
TP2: $0.1240
SL: $0.1375
Bearish Confirmations:
MACD: Bearish crossover
BOLL: Price breaking lower band
SAR: Dots above price – clear downtrend
Risk Management:
Use tight SL, risk only 1-2% per trade. Stick to your plan – don't average down in weakness!
Trade the trend – let profits run, cut losses quick!
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