🚀 $PHA is showing a potential technical setup!

The PHA/USDT weekly chart displays a multi-month corrective phase forming a base near the lows with an impulsive recovery underway.

📈 The Technical Setup:
• The Pattern: Descending wedge accumulation into potential reversal
• Short-term Target: 0.11680
• Macro Objective: 0.18500
• Market Structure: Reversal and breakout setup

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.04000 - 0.04700
• Resistance: 0.11680
• Breakout Level: 0.07489
• Stop Loss / Invalidation: 0.03500

📊 Confirmation:
• Volume: Neutral/standard volume with impulsive green recovery candles
• Momentum: Bullish momentum shift following a multi-month consolidation range
• Trend: Attempting a macro trend reversal off the multi-month lows

⚠️ Invalidation:
A decisive weekly close below the 0.03500 support level would invalidate the bullish reversal setup.

The asset is attempting a macro reversal following a prolonged downtrend, watching key breakout levels for confirmation.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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