$PHA Longs Get Wiped Out.

Amount Liquidated: $2.6837K (Long Positions).

Liquidation Price: $0.4144.

Current Action: Intense volatility in the market shakes out leveraged traders.

This dramatic liquidation signifies a high-stakes battle between bulls and bears in $PHA. The sharp price movement to $0.41338 triggered the liquidation of leveraged long positions worth over $2.68K, leaving traders stunned.

What This Means for Traders:

The market is showing bearish pressure, with short-sellers taking control.

Watch for support zones near $0.4100 and resistance levels at $0.4300.

High leverage positions are risky in such volatile conditions.

Key Observations:

1. Liquidations often occur when traders over-leverage in uncertain markets.

2. The price action around $0.41338 could define the next move.

Pro Tip for Traders:

If you’re looking for a safer entry point, consider setting buy orders near $0.4050-$0.4100 with tight stop-losses around $0.4000.

For potential upside, look for targets at $0.4200-$0.4300.

The battle isn't over yet. Stay sharp, trade wisely, and let the market tell its story.

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