$PHA /USDT - Technical Analysis and Target Updates
Current Price: $0.2109 (+13.45%)
Chart: 30-minute timeframe (Binance)
Target Achieved: $0.2000
$PHA /USDT has reached the first target of $0.2000, showing strong buying momentum and breaking above key support levels. The price is now consolidating around $0.2109, indicating potential for the next bullish move.
Next Key Targets:
1. Short-Term Target: $0.2200
Resistance at $0.2200 is critical, as it aligns with recent highs.
Action: Consider partial profit booking near this level and trailing stop-loss to $0.2050.
2. Intermediate Target: $0.2300
A breakout above $0.2200 could push the price to $0.2300, supported by increasing trading volume.
Action: Look for confirmation of bullish momentum with strong candle closes above $0.2200.
3. Long-Term Target: $0.2400
Sustained buying pressure could lead PHA/USDT to test $0.2400, a key psychological resistance.
Action: Gradually lock profits while tightening stop-loss levels to secure gains.
Technical Indicators:
Trend: Bullish
Support Levels: $0.2000, $0.1900
Resistance Levels: $0.2200, $0.2300, $0.2400