Vertical rally cooling off — first red candle in sight. 👀
🔴 Opening short on $PHA
📍 Entry: 0.0590 to 0.0600
🎯 TP1: 0.0500
🎯 TP2: 0.0400
🎯 TP3: 0.0300
🛑 Stop Loss: 0.0650
Potential reward-to-risk: approximately 1.7R / 3.5R / 5.4R
Price ran from 0.0254 to 0.0605 in two days.
Now the first red candle appears — momentum slowing.
No support formed above 0.0500.
If 0.0500 breaks, next level is 0.0400.
The move looks parabolic and needs a cooldown.
Use 3x–4x leverage. A close above 0.0650 invalidates this short. Is this just a pause before another leg up, or the start of a deeper correction?
Not financial advice. DYOR.
Trade here 👇🏻
🔴 Opening short on $PHA
📍 Entry: 0.0590 to 0.0600
🎯 TP1: 0.0500
🎯 TP2: 0.0400
🎯 TP3: 0.0300
🛑 Stop Loss: 0.0650
Potential reward-to-risk: approximately 1.7R / 3.5R / 5.4R
Price ran from 0.0254 to 0.0605 in two days.
Now the first red candle appears — momentum slowing.
No support formed above 0.0500.
If 0.0500 breaks, next level is 0.0400.
The move looks parabolic and needs a cooldown.
Use 3x–4x leverage. A close above 0.0650 invalidates this short. Is this just a pause before another leg up, or the start of a deeper correction?
Not financial advice. DYOR.
Trade here 👇🏻
