$PHA /USDT Trading Setup

Bullish Setup

1. Entry Zone: $0.5250 - $0.5350 (near support after the pullback).

2. Targets:

Target 1: $0.5600 (previous resistance zone).

Target 2: $0.5800 (approaching local high).

Target 3: $0.6000 (extended bullish target).

3. Stop Loss: $0.5100 (below key support to minimize risk).

Observation:

PHA shows a healthy pullback after a strong rally. If it holds above $0.5250, it could attract buyers for a continuation.

Bearish Setup

1. Entry Zone: $0.5400 - $0.5500 (if rejection at the resistance zone occurs).

2. Targets:

Target 1: $0.5100 (support zone).

Target 2: $0.4850 (deeper retracement level).

Target 3: $0.4650 (key demand zone).

3. Stop Loss: $0.5600 (above recent resistance).

Observation:

Failure to hold above $0.5250 with increased selling pressure may lead to a deeper retracement toward support levels.

Risk Management:

Adjust position size based on risk tolerance.

Monitor volume and price action near key levels for confirmation of the setup.