$PHA ICT update
PHA rallied from $0.022 to $0.09777 before facing strong selling pressure. Price has since retraced into the $0.048 to $0.058 zone, which aligns with a potential ICT OTE area.
The recent bounce suggests buyers are defending this zone. However, bullish confirmation requires a clear market structure shift and a break above a meaningful swing high.
If demand holds, price could move toward the nearby buy-side liquidity and unfilled fair value gap. If the zone fails, the bullish setup weakens and lower liquidity becomes relevant.
Key levels to watch: $0.048 for support and $0.058 for near-term resistance.
The next move depends on price confirmation, not assumptions.
@PhalaNetwork
#PHA #Macro Insights# #TradingSetup
PHA rallied from $0.022 to $0.09777 before facing strong selling pressure. Price has since retraced into the $0.048 to $0.058 zone, which aligns with a potential ICT OTE area.
The recent bounce suggests buyers are defending this zone. However, bullish confirmation requires a clear market structure shift and a break above a meaningful swing high.
If demand holds, price could move toward the nearby buy-side liquidity and unfilled fair value gap. If the zone fails, the bullish setup weakens and lower liquidity becomes relevant.
Key levels to watch: $0.048 for support and $0.058 for near-term resistance.
The next move depends on price confirmation, not assumptions.
@PhalaNetwork
#PHA #Macro Insights# #TradingSetup