$PHA Rejected at Supply — Bearish Continuation Setup🚨🚨
$PHA is running into a strong supply zone after a short-lived bounce, and the current momentum suggests the move may be losing strength.
Trading Plan: SHORT
$PHA Entry Zone: market price
Stop Loss: 0.0500
Targets:
TP1: 0.0432
TP2: 0.0416
TP3: 0.0378
After the recent rebound, price pushed directly into a previous supply pocket where selling pressure quickly started to appear again. The bounce lacks strong continuation, indicating it may simply be a relief move rather than a true bullish reversal.
Market flow currently looks distributive, with sellers defending the resistance area and limiting upside expansion. If this zone continues to hold, the probability increases for another downside leg as liquidity below gets targeted.
As long as buyers fail to reclaim higher levels with strong volume, the structure favors bearish continuation toward the lower support zones.
Always manage risk and confirm the setup with your own analysis.
Buy and Trade here 👇🏻
#pha #bearishmomentum #MarketRebound #StockMarketCrash