Massive Shakeout in $PHA : Smart Money Play or Final Flush?
A long liquidation worth $1,790.3 at the key level of $0.1390 has sent shockwaves through the market. This move might not be the end—but the beginning of something much bigger.
Technical Analysis
The market just cleared weak hands below major support, indicating a possible fakeout and a potential reversal brewing.
Buy Zone:
$0.1340 to $0.1400
Accumulation zone where smart money may have stepped in post-liquidation.
Targets:
Target 1: $0.1525
A minor resistance level and profit booking zone.
Target 2: $0.1650
A breakout confirmation level.
Target 3: $0.1800
High timeframe resistance and potential trend reversal level.
Stop-Loss:
$0.1295
If price closes below this level, the bullish structure will likely break down.
Strategy Insight
This long liquidation looks like a liquidity grab, shaking out leveraged longs before a larger move upward. Price holding above $0.1340 increases the probability of a rebound, especially if volume supports the bounce.
Watch closely. The smart money may have just entered silently, while fear took over the rest.