$PHA is up a massive 57% from the 0.029 low, but the 4-hour chart shows it's hitting a hard wall right at the 0.078 high. đ
I see the long trend, but this vertical spike looks exhausted. The momentum is slowing down, and buyers might be running out of steam for now. đ§
If it fails to break above 0.080, a sharp pullback is likely. I'm looking to short here, targeting a drop back to 0.070...
Short Setup:
Entry: 0.0780â0.0790
TP1: 0.0720
TP2: 0.0680
SL: 0.0815
The trend is bullish, but a correction is due stay sharp
$PHA
I see the long trend, but this vertical spike looks exhausted. The momentum is slowing down, and buyers might be running out of steam for now. đ§
If it fails to break above 0.080, a sharp pullback is likely. I'm looking to short here, targeting a drop back to 0.070...
Short Setup:
Entry: 0.0780â0.0790
TP1: 0.0720
TP2: 0.0680
SL: 0.0815
The trend is bullish, but a correction is due stay sharp
$PHA
