🔻 PHA at daily peak… Correction coming or breakout?$PHA
Seize the opportunity wisely!
Current data (Binance):
Price: $0.1153 (+11.51%)
24h High: $0.1157
24h Low: $0.1032
24h Volume: ≈ 90.96M PHA (Spot) — Active liquidity
Quick reading: The price is approaching today's peak with strong momentum; this is often followed by a corrective profit-taking unless we see a clear breakout above 0.120 with high volume.
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🎯 Suggested strategy (short-term)
Most likely scenario — Corrective sell (Short):
Entry area: Upon rejection/bounce from 0.116 – 0.120
TP1: 0.111 – 0.110
TP2: 0.107 – 0.106
Stop loss: Above 0.121 (Closing 15–30 minutes above it invalidates the idea)
Risk management: Gradual entry, and after achieving TP1, move the stop to the entry point.
Alternative plan only if a real breakout occurs:
Condition: Strong close above 0.120 + volume increase
Entry: Retest 0.120 – 0.121 as support
Targets: 0.126 then 0.130 – 0.132
Stop: Below 0.118
> Reminder: Recommended risk is 1–2% of capital per trade, and adhering to the stop is more important than any target.
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