$PHA Short setup: the new high got rejected, the inducement below is the target
🔴 Short setup
Entry: 0.0618
Stop loss: 0.06444
Take profit: 0.05653
Big pump on PHA: 35% from the low in 22 hours, 22% on the day. Retrace of 23%, then price went back up for the old high. The inducement at 0.05653 is still untouched. It poked above 0.05955 by just 4.5% and rolled over. 0.05653 is still sitting there as the draw. Entry 0.0618 is simply where price stands now. Stop 0.06444, target 0.05653, reward about 2R.
#PHA #CryptoSignals #FuturesTrading
🔴 Short setup
Entry: 0.0618
Stop loss: 0.06444
Take profit: 0.05653
Big pump on PHA: 35% from the low in 22 hours, 22% on the day. Retrace of 23%, then price went back up for the old high. The inducement at 0.05653 is still untouched. It poked above 0.05955 by just 4.5% and rolled over. 0.05653 is still sitting there as the draw. Entry 0.0618 is simply where price stands now. Stop 0.06444, target 0.05653, reward about 2R.
#PHA #CryptoSignals #FuturesTrading