DeltaNinety
Nov 3, 7:30 PM
$PHG Trade of the Day 📉
PHG gapped up straight into a major daily resistance zone around
$29.00–
$29.13.
Instead of chasing the move, we waited for the reaction. Once the stock failed to hold those highs, the short setup was there.
Entry: 28.94
Stop: 29.16
Target: 28.69
Target hit for a clean +1.1R.
This is a great reminder that context matters.
A stock can look strong at the open, but if it’s running directly into higher time frame resistance, a reversal can offer the better trade.
Called live. Managed with risk. Executed with a plan.
Join us LIVE daily 👉 https://livetraders.com/level-1
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