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$PHA (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 0.0384 - 0.0389
Targets:
TP1: 0.0376
TP2: 0.0369
TP3: 0.0358
Stop Loss: 0.0407
Why this Setup:
I’m looking for a short after this sharp push into resistance, since momentum is fading after the spike and price is struggling to hold above the recent highs. I want a rejection back below the breakout area to open the move toward the prior support zones.