$PHA — Double-Bottom Confirmation Watch!
$PHA is developing a potential W-shaped double-bottom on the 1H chart, with buyers defending the $0.058–$0.059 demand zone.
🔹 Support: $0.058–$0.059
🔹 Neckline Resistance: $0.0645–$0.0650
🎯 Bullish Target: $0.0665 initially
Confirmation: A decisive 1H candle close above the neckline, ideally supported by rising volume, would confirm the double-bottom breakout.
Until then, the W pattern remains unconfirmed.
⚠️ A breakdown below $0.058 would invalidate the bullish setup.
My Bias: Bullish potential, but waiting for neckline confirmation!
#PHA #Crypto #TechnicalAnalysis #Macro Insights# #CMC VIP#
$PHA is developing a potential W-shaped double-bottom on the 1H chart, with buyers defending the $0.058–$0.059 demand zone.
🔹 Support: $0.058–$0.059
🔹 Neckline Resistance: $0.0645–$0.0650
🎯 Bullish Target: $0.0665 initially
Confirmation: A decisive 1H candle close above the neckline, ideally supported by rising volume, would confirm the double-bottom breakout.
Until then, the W pattern remains unconfirmed.
⚠️ A breakdown below $0.058 would invalidate the bullish setup.
My Bias: Bullish potential, but waiting for neckline confirmation!
#PHA #Crypto #TechnicalAnalysis #Macro Insights# #CMC VIP#