Based on the new images and analysis of PHA/USDT, we can make the following recommendations:
Quick analysis of the data:
1. Current price:
• The price is now at 0.3430 - 0.3431 with a rise of 1.7%-1.9%.
• The price action is improving after touching the strong support at 0.3154.
2. Financial flow:
• The financial flow shows continuous selling pressure, but the buying volume is gradually improving, especially on medium and small trades.
• The data indicates a slight improvement in the balance between buying and selling.
3. Trading indicators:
• RSI: On the hourly and 4-hour charts, it has started moving in a positive range (47-55), which means the beginning of an upward momentum.
• MACD: A positive crossover on the hourly chart, which supports the expectation of a continuation of the upward movement.
When to buy
• Best buy points:
• If the price returns to the support level between 0.32 - 0.33, this will be a low-risk entry level.
• If the price breaks the resistance level at 0.345 steadily and the volume increases, you can buy with a target of higher levels (0.36 - 0.37).
• Wait for trend confirmation:
• If the price stays above 0.34 with positive momentum (high RSI and MACD), it will be a good time to enter.
Trade management strategy:
1. Stop Loss:
• Below 0.315 to ensure risk reduction.
2. Take Profit Targets:
• First target: 0.36
• Second target: 0.37
3. Continuous monitoring:
• Monitor the movement of financial flow and trading volume. !$PHA