$PHA /USDT BEARISH BREAKDOWN:
Short trade signal 💥
Future Traders alert ⚠️
Sell now🚨
Key Levels:
- Resistance: $0.3400 - $0.3600
- Support: $0.3000 - $0.3200
- Current Price: $0.3222
Trade Setup:
- Entry: Short at $0.3222
- Target 1 (TP1): $0.3000
- Target 2 (TP2): $0.2800
- Stop Loss (SL): $0.3400
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust according to your risk tolerance, ideally risking no more than 1-2% of your trading capital.
Summary:
We are looking to short $PHA/USDT due to a bearish breakdown from the support zone of $0.3200. The price has been rejected multiple times from the resistance zone of $0.3400 - $0.3600, indicating strong selling pressure. The current price action suggests a continuation of the downtrend, making it an ideal setup for a short trade. 📉
Happy Trading! 🚀📈