Hey Binance Fam!
Let's talk PHAUSDT! This coin has been consolidating in a range for over 1100 days, but things are starting to get interesting.
What's happening with PHAUSDT?
* Breaking Out? PHAUSDT is approaching the resistance line of its long-term range. This could be the start of a breakout!
* Watching Volume: Keep an eye on trading volume. An increase in volume near the resistance line would be a bullish sign.
Potential Trade Setup:
* Entry: Enter the trade at the breakout point.
* Stop Loss: Place your stop loss below the recent low, around $0.18.
* Take Profit Targets:
* Target 1: $0.41
* Target 2: $0.61
* Target 3: $1.23
Remember:
* This is just an analysis and not financial advice. Always do your own research and trade responsibly.
* Risk Management is Key: Never risk more than you can afford to lose.
Let's keep learning and growing together, Binance Fam!