Professional Trade Signal: $PHA /USDT Short Opportunity🔥💯
Market Overview:
PHA/USDT is showing clear signs of weakness after failing to sustain the bullish momentum near $0.3880, followed by a significant bearish breakdown.
Signal Details:
• Entry Point: $0.3450
• Stop-Loss (SL): $0.3600 (above resistance)
• Take-Profit (TP):
• TP1: $0.3300
• TP2: $0.3150
• TP3: $0.3000
Key Observations:
1. Strong selling pressure indicated by the long bearish candle.
2. RSI likely entering oversold territory, favoring short setups.
3. Breakdown from key support zone near $0.3600 suggests continuation of downward momentum.
Risk Management:
Position size must align with your risk tolerance (recommended: 1-2% of capital). Adjust SL as the trade progresses to lock in profits.
Recommendation:
Monitor volume and price action closely around the $0.3300 support level for signs of reversal or continuation.
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