$PHA /USDT BEARISH BREAKDOWN IN PLAY – SHORT SETUP TRIGGERED BELOW SUPPORT ZONE!
$PHA/USDT has officially broken below the key support level near $0.1060–$0.1059 after multiple retests. Price is now confirming rejection from the broken support zone, suggesting a continuation of the downtrend is likely.
TRADE SETUP: SHORT
• Entry: $0.1056
• Take Profit (TP): $0.1026
• Stop Loss (SL): $0.1075
MARKET OUTLOOK:
The trend remains clearly bearish with lower highs and lower lows. Strong selling pressure near the resistance block is keeping the momentum to the downside. As long as price holds below $0.1060, further downside toward the $0.1026 level is expected.
RISK MANAGEMENT:
Always use a stop loss. Risk only 1-2% of your capital per trade to protect your portfolio from volatility.
If you feel the analysis helpful, Like Share and comment the next pair you want to analyze!