Major Alert: $PHA Short Liquidation at $0.36289
A staggering $3.1347K short liquidation has just rocked the $PHA market at the key price level of $0.36289, signaling a surge of buying power and potential for further upward momentum.
Key Insights
1. Liquidation Size: $3.1347K—indicating strong short positioning now under pressure.
2. Price Triggered: $0.36289, breaking critical resistance, pointing to possible bullish continuation.
Next Move
For Long Positions:
Take advantage of the momentum but place a stop loss just below $0.355 to protect gains in case of a retracement.
Watch for resistance around $0.38; a breakout could signal further upside potential.
For Short Positions:
Avoid shorting for now as the market sentiment has shifted.$PHA
If attempting to short, use a stop loss above $0.375 to limit risk, and monitor closely for signs of consolidation
Market Sentiment
The short liquidation is a sign of strong buying pressure, and with key resistance levels in sight, volatility could increase.
Stay vigilant and watch for confirmation of a sustained uptrend.