$PHA is currently in a bullish trend, supported by strong volume and positive momentum. However, the resistance at $0.6040 is critical, and traders should watch for consolidation or correction signs before entering new positions.
Support and Resistance Levels:
Immediate Support: $0.4608 (recent breakout level).
Next Support: $0.4335 (previous low).
Resistance: $0.6040 (24H high) and $0.6126 (near-term psychological level).
Trading Strategy:
1. Bullish Scenario:
A breakout above $0.6040 could drive the price towards $0.65 or higher. Consider entering a position upon confirmation of breakout with volume.
2. Bearish Scenario:
If the price fails to hold above $0.5200, a retracement to $0.4600 or $0.4335 could be possible. Use stop-loss orders to minimize risks.
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