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Does phantom not support localnet ?

solana beginner here
i have set up a localnet using solana-cli now i am trying to connect to it with phantom
It shows the option of localnet in test networks but is not able to detect my local_wallets
does phantom not support localnet ?

https://preview.redd.it/6xbj9dub4god1.png?width=449&format=png&auto=webp&s=020020c01466377c2ab8a2f71c5593bdcdf9556b

https://preview.redd.it/xv49108c4god1.png?width=447&format=png&auto=webp&s=fd68f59d41019f0f186b911cf58339ea1e1d194f

submitted by /u/Celstial_Progenitor
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