#PHA : Technical Analysis (4-hour timeframe)

📍 Current Price: $0.3559

📈 Overall Trend: After reaching a high of $0.6040, the price is in correction mode with signs of stabilization.

Support Levels:

🟢 $0.2617 — A key support zone from where the previous growth started.

🟢 $0.2000 — A deeper support level in case the correction continues.

Resistance Levels:

🔴 $0.4454 — The nearest resistance level at the previous pullback.

🔴 $0.6040 — Local high and key resistance zone.

Recommendations: Entry Points

1️⃣ Breakout above $0.4454 — Enter after price consolidates above this level, signaling the resumption of an uptrend.

2️⃣ Pullback to $0.3000 — A moderately risky entry if the price tests this support level.

3️⃣ Bounce from $0.2617 — A long-term entry if the price recovers from this critical zone.

4️⃣ Revisit of $0.6040 — Enter if the price tests the local high again.

Take Profit Levels

1️⃣ At $0.4454 — Nearest resistance; take profit on 25% of the position.

2️⃣ At $0.6040 — Key resistance level; take profit on 50% of the position.

3️⃣ At $0.7000 — Final profit-taking level if the trend continues.

4️⃣ At $0.8000 — Take remaining profits if the trend accelerates and price surges.

Risks:

⚠️ A breakdown below $0.3000 could lead to increased downward pressure.

⚠️ Lack of volume supporting the price growth could indicate a false breakout.

⚠️ A break below $0.2617 requires a strategy revision and loss-cutting.

📊 Tip: Keep an eye on trading volumes and how the price reacts to key levels!

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