$PHA has seen an explosive rally, with the price surging over 350% within a single weekly candle. While this kind of momentum can be exciting, it's important to recognize that the risk at these elevated levels outweighs the potential reward for new entries.
Chasing after such a steep move increases the likelihood of buying near a local top, where sharp corrections are common. For traders seeking profitable opportunities, patience is key—waiting for a pullback or a consolidation phase can offer a more favorable risk-to-reward setup. Always prioritize disciplined risk management, as chasing parabolic moves often leads to unnecessary losses.