$PHA
🚨 Very strong rally and trading strategy 🚨
The Phala Network (PHA) coin continues its strong upward move, up by more than 64%+ and reaching a peak at 0.0837, currently trading close to it at around 0.0813.
📊 Technical analysis:
* Continuous bullish momentum: The price started a sustained climb from the 0.0490 zones, accompanied by a strong increase in trading volume.
* Nearby resistance: The previous high at 0.0837, followed by the 0.0875 barrier.
* Support zones: The closest local support is at 0.0761, followed by stronger support at 0.0647.
🎯 Recommended trading strategies:
🔹 Scenario 1 (Retest - safest):
* Entry zone: Buy when the price drops and stabilizes above support 0.0761 - 0.0720.
* Targets: 0.0835 ⬅️ 0.0875 ⬅️ 0.0950.
* 🛑 Stop-Loss: Hourly candle close below 0.0710.
🔹 Scenario 2 (Breakout of the high):
* Entry zone: Buy after an hourly candle closes decisively above 0.0837.
* Targets: 0.0875 ⬅️ 0.0950.
* 🛑 Stop-Loss: Hourly candle close below 0.0790.
⚠️ Always stick to the stop-loss and manage your capital!
#PHA #PhalaNetwork #BinanceSquare #CryptoAnalysis #Trading #StopLoss #Altcoins
🚨 Very strong rally and trading strategy 🚨
The Phala Network (PHA) coin continues its strong upward move, up by more than 64%+ and reaching a peak at 0.0837, currently trading close to it at around 0.0813.
📊 Technical analysis:
* Continuous bullish momentum: The price started a sustained climb from the 0.0490 zones, accompanied by a strong increase in trading volume.
* Nearby resistance: The previous high at 0.0837, followed by the 0.0875 barrier.
* Support zones: The closest local support is at 0.0761, followed by stronger support at 0.0647.
🎯 Recommended trading strategies:
🔹 Scenario 1 (Retest - safest):
* Entry zone: Buy when the price drops and stabilizes above support 0.0761 - 0.0720.
* Targets: 0.0835 ⬅️ 0.0875 ⬅️ 0.0950.
* 🛑 Stop-Loss: Hourly candle close below 0.0710.
🔹 Scenario 2 (Breakout of the high):
* Entry zone: Buy after an hourly candle closes decisively above 0.0837.
* Targets: 0.0875 ⬅️ 0.0950.
* 🛑 Stop-Loss: Hourly candle close below 0.0790.
⚠️ Always stick to the stop-loss and manage your capital!
#PHA #PhalaNetwork #BinanceSquare #CryptoAnalysis #Trading #StopLoss #Altcoins
