๐ $PHA | Fundamental Value โ Take Profit Line
In todayโs video, Iโm using PHA to demonstrate an important concept on the weekly timeframe:
Regardless of whether you believe in an asset or not, price can eventually return to test key levels โ including the Take Profit Line.
Why does this matter?
Some tokens have already moved below their Fundamental Value Line, while others may have already tested it. If you discover an asset after that test, it doesnโt necessarily mean itโs too late to consider it โ but the potential upside may be lower than it was before the initial move.
After testing the Fundamental Value Line, price action can also develop differently:
๐น Some assets may make a quick one-candle move toward the Take Profit Line.
๐น Others may consolidate and move sideways before eventually making an impulsive move.
The key takeaway: donโt assume the opportunity is gone just because one token has already moved.
There are still plenty of tokens trading below their Fundamental Value Line.
Do your own research. ๐
$PHA #Rivencoin
In todayโs video, Iโm using PHA to demonstrate an important concept on the weekly timeframe:
Regardless of whether you believe in an asset or not, price can eventually return to test key levels โ including the Take Profit Line.
Why does this matter?
Some tokens have already moved below their Fundamental Value Line, while others may have already tested it. If you discover an asset after that test, it doesnโt necessarily mean itโs too late to consider it โ but the potential upside may be lower than it was before the initial move.
After testing the Fundamental Value Line, price action can also develop differently:
๐น Some assets may make a quick one-candle move toward the Take Profit Line.
๐น Others may consolidate and move sideways before eventually making an impulsive move.
The key takeaway: donโt assume the opportunity is gone just because one token has already moved.
There are still plenty of tokens trading below their Fundamental Value Line.
Do your own research. ๐
$PHA #Rivencoin
