That $PHA dump was brutal. One minute it was trading above 0.083, then sellers slammed it toward 0.079 and ripped a big chunk of open interest out with it.
Entry: 0.08019 - 0.08298
TP1: 0.10121
TP2: 0.10906
SL: 0.07513
The 15m is getting hammered and the 1h still looks ugly, but the 4h hasn't broken its higher-high structure. Binance's latest hourly candle came with heavy volume, showing just how aggressive that flush was.
OI has dropped from roughly 169M to 161M across the latest hourly readings. PHA is now sitting in the aftermath of a serious shakeout, with the bigger structure still hanging around underneath the chaos.
Entry: 0.08019 - 0.08298
TP1: 0.10121
TP2: 0.10906
SL: 0.07513
The 15m is getting hammered and the 1h still looks ugly, but the 4h hasn't broken its higher-high structure. Binance's latest hourly candle came with heavy volume, showing just how aggressive that flush was.
OI has dropped from roughly 169M to 161M across the latest hourly readings. PHA is now sitting in the aftermath of a serious shakeout, with the bigger structure still hanging around underneath the chaos.
