đ $PHA is showing a potential technical setup!
The weekly chart shows a major bottoming phase with a strong impulsive breakout candle surging past previous consolidation ranges.
đ The Technical Setup:
âą The Pattern: Double Bottom / Accumulation Base Reversal
âą Short-term Target: 0.0850
âą Macro Objective: 0.1200
âą Market Structure: Reversal / Breakout
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0200 - 0.0230
âą Resistance: 0.0520
âą Breakout Level: 0.0767
âą Stop Loss / Invalidation: 0.0350
đ Confirmation:
âą Volume: Strong surge in buying volume on the current weekly candle
âą Momentum: Sharp bullish impulse breaking out from the range base
âą Trend: Potential macro trend reversal forming a bottom structure
â ïž Invalidation:
A weekly close back below the 0.0350 level invalidates the bullish continuation setup.
Wait for confirmation of the breakout to sustain above current levels before seeking further upside targets.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#PHA #crypto #Binance #TechnicalAnalysis
The weekly chart shows a major bottoming phase with a strong impulsive breakout candle surging past previous consolidation ranges.
đ The Technical Setup:
âą The Pattern: Double Bottom / Accumulation Base Reversal
âą Short-term Target: 0.0850
âą Macro Objective: 0.1200
âą Market Structure: Reversal / Breakout
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0200 - 0.0230
âą Resistance: 0.0520
âą Breakout Level: 0.0767
âą Stop Loss / Invalidation: 0.0350
đ Confirmation:
âą Volume: Strong surge in buying volume on the current weekly candle
âą Momentum: Sharp bullish impulse breaking out from the range base
âą Trend: Potential macro trend reversal forming a bottom structure
â ïž Invalidation:
A weekly close back below the 0.0350 level invalidates the bullish continuation setup.
Wait for confirmation of the breakout to sustain above current levels before seeking further upside targets.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#PHA #crypto #Binance #TechnicalAnalysis
