Technical Analysis (TA) of PHA and Trading Strategy
1. Key Levels
- Support: $0.42
- Resistance: $0.50
- Breakout Zone: Above $0.51 may confirm an uptrend, while below $0.42 may signal a downtrend.
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2. Entry Points $PHA
- Buy (Long): Enter when the price exceeds $0.51 with strong volume or in the support zone of $0.42 - $0.44 if there are bullish reversal signals.
- Sell (Short): Enter when the price breaks below $0.42 or in the resistance zone of $0.50 - $0.51 if there are bearish reversal signals.
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3. Take Profit (TP) Levels $PHA
- Long:
- TP1: $0.55
- TP2: $0.60
- Short:
- TP1: $0.38
- TP2: $0.35
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4. Stop Loss (SL) Levels $PHA
- Long: Place SL at $0.48 (below the breakout zone).
- Short: Place SL at $0.45 (above the broken support).