🚨 $PHA UP 30% — BUT SELLERS JUST SHOWED UP! ⚠️
$PHA USDT surged from around $0.04620 to a 24H high of $0.06954. Now trading near $0.06280, price has pulled back from the high after a massive move.
📊 My SHORT watch setup:
🔴 Current price: $0.06280
📍 Resistance to watch: $0.06557–$0.06954
👀 First downside level: $0.06044
🎯 Next support zone: $0.05530
What would confirm the short?
A clear rejection near resistance followed by a breakdown below $0.06044 could open the door to a deeper pullback.
⚠️ If buyers reclaim the resistance zone and hold above it, the bearish setup weakens. With momentum still strong, chasing a short is risky.
I’m watching price action—not blindly shorting a green candle.
$PHA USDT surged from around $0.04620 to a 24H high of $0.06954. Now trading near $0.06280, price has pulled back from the high after a massive move.
📊 My SHORT watch setup:
🔴 Current price: $0.06280
📍 Resistance to watch: $0.06557–$0.06954
👀 First downside level: $0.06044
🎯 Next support zone: $0.05530
What would confirm the short?
A clear rejection near resistance followed by a breakdown below $0.06044 could open the door to a deeper pullback.
⚠️ If buyers reclaim the resistance zone and hold above it, the bearish setup weakens. With momentum still strong, chasing a short is risky.
I’m watching price action—not blindly shorting a green candle.