$PHA – Strong Rejection at 0.0385 Resistance; Momentum Turns Bearish
Following the recent upside spike, PHA faced aggressive selling pressure at the 0.0385 resistance level, leading to a sharp rejection. The price has since failed to sustain levels above 0.0360, with market structure turning corrective and sellers gaining control.
Price is currently trading near 0.0339, forming a series of lower highs after the rejection from the peak. If support at 0.0330 breaks, downside continuation toward key demand zones becomes increasingly likely.
Short Setup:
· Entry Zone: 0.0338 – 0.0365
· TP1: 0.0320
· TP2: 0.0305
· TP3: 0.0285
Break and hold below 0.0330 would confirm further downside momentum.
for trade click here 👉$PHA
PHA
0.0323
-14.09%