$PHA A/USDT – Breakdown Underway | Short Setup in Focus
Current Price: $0.1077 (+0.65%)
After failing to sustain above $0.115, price action is turning bearish, signaling a potential move toward lower support levels.
Key Levels
Resistance: $0.112 – $0.115
Support: $0.106 – $0.102
Short Trade Setup
Entry Zone: $0.1080 – $0.1090
Targets:
TP1: $0.1065
TP2: $0.1040
TP3: $0.1005
Stop-Loss: Above $0.1115
Market Outlook
A sequence of lower highs and prominent red candles point to continued selling pressure, with bearish volume backing the move.
Pro Tip:
Wait for confirmation of rejection on lower timeframes. Use a trailing stop to lock in profits as the move unfolds. Manage risk carefully and follow the momentum down.
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