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$PHA Short Trade ๐ฅ๐ฆ
$PHA | Short Setup
๐ Signal: SHORT
๐ฏ Entry: 0.035200 โ 0.035430
๐ Stop Loss: 0.036004
๐ฏ Take Profit Targets:
โข TP1: 0.034694
โข TP2: 0.033850
โข TP3: 0.033175
๐ Risk/Reward: 1.68
The higher timeframe structure is still leaning bearish. On the 4H chart, the trend remains clearly downward, and the 1H timeframe is aligning with the same bias, which increases the probability of continuation to the downside.
Price is currently trading below the EMA20, showing that sellers are still controlling the short-term momentum.
On the 15M timeframe, Bollinger Bands are tightening which usually indicates a volatility expansion is coming soon. In this case, with the higher timeframe bias being bearish, the expansion could favor the downside move.
Additionally, MACD on the 1H chart remains bearish, while the RSI is still in a bearish regime, suggesting that the market hasn't yet shifted into bullish momentum.
Overall, this setup favors a controlled short position with defined risk if the entry zone is respected.
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