$PHA 4Hr UPDATE — BIG VOLUME, BUT CAN BULLS HOLD THE BREAKOUT?
PHA made a massive move toward $0.069 and now we’re seeing crazy volatility.
After that huge volume spike, price pulled back and bounced from our key support zone at $0.058–$0.057.
This is the level I’m watching closely now.
If price holds above the yellow support and consolidates between $0.058 and $0.0615, buyers still have a chance to build strength for another breakout attempt.
The next move depends on these levels:
Resistance: 0.0615, 0.064–0.065, 0.068–0.069, 0.079–0.080
Support: 0.058–0.057, 0.055, 0.050, 0.046
If bulls break and sustain above $0.064–$0.065, the next target could be $0.068–$0.069. If momentum and volume continue, an extended move toward $0.079–$0.080 is possible.
But if PHA loses $0.057, be careful. We could see a deeper correction toward $0.055, $0.050, or even $0.046.
Don’t mistake volatility for a confirmed breakout.
PHA made a massive move toward $0.069 and now we’re seeing crazy volatility.
After that huge volume spike, price pulled back and bounced from our key support zone at $0.058–$0.057.
This is the level I’m watching closely now.
If price holds above the yellow support and consolidates between $0.058 and $0.0615, buyers still have a chance to build strength for another breakout attempt.
The next move depends on these levels:
Resistance: 0.0615, 0.064–0.065, 0.068–0.069, 0.079–0.080
Support: 0.058–0.057, 0.055, 0.050, 0.046
If bulls break and sustain above $0.064–$0.065, the next target could be $0.068–$0.069. If momentum and volume continue, an extended move toward $0.079–$0.080 is possible.
But if PHA loses $0.057, be careful. We could see a deeper correction toward $0.055, $0.050, or even $0.046.
Don’t mistake volatility for a confirmed breakout.