$PHA /USDT FACING BEARISH PRESSURE – STRUGGLING TO HOLD ABOVE $0.134!
$PHA is trading at $0.1342, down 4.01% on the day after failing to sustain above the $0.1400 resistance. The price recently dipped to a low of $0.1258 before rebounding slightly, but structure remains weak. With decreasing momentum and a rejection from a key supply zone, sellers are gaining control.
Trade Setup (SHORT):
Entry Zone: $0.1340 – $0.1370
Targets:
TP1: $0.1270
TP2: $0.1200
Stop Loss: $0.1415
Why Short?
The bounce from $0.1258 failed to reclaim higher resistance levels, and bearish wicks near $0.1400 signal strong supply. Lower highs and declining volume show weakening demand, pointing toward another move to retest local lows.
Risk Management Tip:
Use a disciplined stop-loss to avoid reversals. Book partial profits early and exit fully before major support zones.
Don’t ignore the signs — fading strength often leads to fresh breakdowns!
Be ahead of the crowd — when weakness shows, it’s time to act!
