$PHA USDT: Critical Support Zone Under Test!🔥💯

The PHAUSDT chart on the 30-minute timeframe shows the price currently hovering around $0.3622, which aligns with a key horizontal support level. This purple zone highlights strong buyer interest historically, but the recent bearish momentum challenges this area.

Market Outlook:

1. Short-term Move: If the support at $0.3600 breaks decisively, the price could witness a drop towards $0.3400, offering a short trade opportunity.

2. Bullish Reversal Scenario: A strong bounce from the current zone could propel the price to test the immediate resistance levels at $0.3800 and further to $0.4000.

3. Indicators and Sentiment: The market’s 7-day rally (+72%) indicates strength, but the 7.39% drop today raises caution as selling pressure dominates.

Trade Levels:

• Long Entry: Above $0.3650 with targets at $0.3800 and $0.4000.

• Short Entry: Below $0.3600, targeting $0.3400, with a stop-loss at $0.3700.

Next Move:

The price action in the next few hours will be critical. Watch for a decisive breakout or breakdown to confirm direction. Bulls need to defend this zone aggressively to avoid deeper corrections. Traders are advised to use tight stop-losses and manage risks efficiently.

Stay sharp, as the market is primed for a volatile move!

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