$PHA (1h) - Rejection Short


Bias: Short
Entry (Zone): 0.0510 - 0.0518
Targets:
TP1: 0.0492
TP2: 0.0478
TP3: 0.0462
Stop Loss: 0.0532
Why this Setup:
I’m looking for a fade after the strong impulsive move into resistance, since price has already stalled and started rejecting the recent high. I want an entry on a bounce into the overhead supply zone, with downside back toward the prior breakout levels if momentum continues to cool off.
PHA28.87%
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