$PHA is getting hit hard: $0.0639, down 15.70% in 24h, with the latest 4h move at -12.9%. But RSI(14) is near 35, price remains above the 20D and 50D MAs, and volume is only 0.2x its 20D average. That keeps the reversal-brick idea alive, though confirmation matters.
The original buy thesis was a reclaim from the $0.0720–$0.0731 entry zone, with risk below $0.0710 and a $0.0767 target. At today’s price, that setup is not active yet. I’d want to see buyers absorb this weakness before considering the long again. Patience over catching knives. 👀📉
#PHA #Crypto #Binance
Inspired by Trisha_Saha on Binance Square.
The original buy thesis was a reclaim from the $0.0720–$0.0731 entry zone, with risk below $0.0710 and a $0.0767 target. At today’s price, that setup is not active yet. I’d want to see buyers absorb this weakness before considering the long again. Patience over catching knives. 👀📉
#PHA #Crypto #Binance
Inspired by Trisha_Saha on Binance Square.