$PHA THIS PUMP LOOKS READY FOR A COOL-DOWN ๐๐
๐ด SHORT SETUP
Entry Range: $0.0830 โ $0.0850
Stop Loss: $0.0897
TP1: $0.0750
TP2: $0.0664
TP3: $0.0548
PHA has made a very aggressive vertical move and is now trading directly below a major resistance/liquidity area. From my point of view, this is where chasing the pump becomes risky and the short side starts getting interesting.
Iโm expecting some rejection around the current zone first, followed by a pullback toward $0.0750. If sellers take control and PHA loses that area, $0.0664 becomes the next important level.
My final target is around $0.0548, where the previous breakout zone sits. That would be the area where Iโd expect buyers to become more active again.
The only thing that kills this setup for me is a strong move above $0.0897. Until then, Iโm watching for the pump to run out of fuel. ๐
No need to fight the candle โ let the rejection confirm the idea first.
$BTW
$ARK
๐ด SHORT SETUP
Entry Range: $0.0830 โ $0.0850
Stop Loss: $0.0897
TP1: $0.0750
TP2: $0.0664
TP3: $0.0548
PHA has made a very aggressive vertical move and is now trading directly below a major resistance/liquidity area. From my point of view, this is where chasing the pump becomes risky and the short side starts getting interesting.
Iโm expecting some rejection around the current zone first, followed by a pullback toward $0.0750. If sellers take control and PHA loses that area, $0.0664 becomes the next important level.
My final target is around $0.0548, where the previous breakout zone sits. That would be the area where Iโd expect buyers to become more active again.
The only thing that kills this setup for me is a strong move above $0.0897. Until then, Iโm watching for the pump to run out of fuel. ๐
No need to fight the candle โ let the rejection confirm the idea first.
$BTW
$ARK
