$PHA

/USDT Technical Analysis

Trend: The price is showing bearish momentum with a sharp decline of -15.56% in the last 24 hours, breaking key support levels.

Key Indicators:

Moving Averages: Price is trading below the 50-EMA, indicating a bearish trend.

RSI: Oversold zone (<30), suggesting possible reversal or consolidation.

Volume: High trading volume, indicating strong market activity.

Trade Signal

Momentum: Bearish

Potential Short Position below $0.2350.

Watch for a bounce near support levels to confirm reversal opportunities.

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Targets 🎯

1. Target 1 (T1): $0.2200 (Short-term support)

2. Target 2 (T2): $0.2000 (Key psychological level)

3. Target 3 (T3): $0.1850 (Fibonacci level or extended support zone)

Stop Loss:

Place at $0.2450 to limit risk in case of reversal.

Trade Strategy: Monitor RSI and volume for recovery signs; if the price crosses $0.2500 with strength, momentum may shift bullish. For intraday or scalping, track depth and order book changes.

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