$PHA Long Liquidation Rattles the Market! Bulls Under Pressure!
A $1,556.6 long liquidation struck PHA at $0.3759, signaling that buyers failed to defend key support levels.
This liquidation reflects growing selling pressure, leaving bulls vulnerable and setting the stage for increased volatility.
Key Details:
Liquidation Amount: $1,556.6
Liquidation Price: $0.3759
Market Context: The inability to sustain above $0.38 suggests that bearish momentum is gaining traction.
Traders should watch closely as PHA approaches critical support zones.
Next Move:
For Bears (Short Traders): If $PHA breaks below $0.37, it could slide further toward $0.36 or $0.35.
Look for weak recovery attempts to enter or scale up short positions.
For Bulls (Long Traders): Wait for consolidation above $0.375 or a breakout above $0.38 before entering.
A reversal with strong volume could lead to a bounce back toward $0.39–$0.40.
Suggested Stop-Loss:
For Longs: Set a stop-loss at $0.37 to limit downside risk in case of further sell-offs.
For Shorts: Place a stop-loss above $0.382 to protect against an unexpected bullish recovery.
$PHA is at a make-or-break moment—stay sharp and trade with discipline as the battle between bulls and bears intensifies!