BOOM, we’ve reached TP1, now it’s time to take profits and lower the STOP LOSS to the entry price. $PHA
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SamHz21
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Bearish🔴 OPPORTUNITY IN SHORT: $PHA MANTIENE ESTRUCTURA BAJISTA 📉
The 1-hour chart of $PHA shows a clear sequence of lower highs and lower lows after the rejection in the $0.086 zone.
The main moving averages are acting as a strong resistance barrier, rejecting every rebound attempt. Selling pressure remains high and the price is aiming to break the $0.0586 support to continue the bearish impulse.
💎 TRADE OF THE DAY: $PHA / USDT
🔴 Direction: SHORT
⚠️ Recommended Leverage: 3x - 5x
📌 Entry Zone: $0.0600 - $0.0615
🎯 Take Profit 1: $0.0585 (Re-test of the previous low / Lock in partials)
🎯 Take Profit 2: $0.0560 (Extension target)
🎯 Take Profit 3: $0.0535 (Let it run with SL at Breakeven)
🛑 Stop Loss (SL): $0.0632 (Above the 1H candle rejection)
💡 Strategy & Risk Management Tip:
• Risk Management: Allocate a maximum of 2% to 3% of your capital to this trade.
• Secure Profits: When TP1 is reached, close 50% of the position and move your Stop Loss to the entry point.
👇 Ready to position yourself for the downside?
Use the trading widget below in this post to place the order directly on Binance.
Let me know in the comments what you think and which other coins you’re trading today! 👇🔥
#Phala #PHA #Short #TradingSignals #Crypto #BinanceSquare
The 1-hour chart of $PHA shows a clear sequence of lower highs and lower lows after the rejection in the $0.086 zone.
The main moving averages are acting as a strong resistance barrier, rejecting every rebound attempt. Selling pressure remains high and the price is aiming to break the $0.0586 support to continue the bearish impulse.
💎 TRADE OF THE DAY: $PHA / USDT
🔴 Direction: SHORT
⚠️ Recommended Leverage: 3x - 5x
📌 Entry Zone: $0.0600 - $0.0615
🎯 Take Profit 1: $0.0585 (Re-test of the previous low / Lock in partials)
🎯 Take Profit 2: $0.0560 (Extension target)
🎯 Take Profit 3: $0.0535 (Let it run with SL at Breakeven)
🛑 Stop Loss (SL): $0.0632 (Above the 1H candle rejection)
💡 Strategy & Risk Management Tip:
• Risk Management: Allocate a maximum of 2% to 3% of your capital to this trade.
• Secure Profits: When TP1 is reached, close 50% of the position and move your Stop Loss to the entry point.
👇 Ready to position yourself for the downside?
Use the trading widget below in this post to place the order directly on Binance.
Let me know in the comments what you think and which other coins you’re trading today! 👇🔥
#Phala #PHA #Short #TradingSignals #Crypto #BinanceSquare