๐ฑ "The Silent Reversal: How $PHA Whispered a Bullish Comeback from the Shadows"
Just when most traders gave up on PHA, calling it dead money after a steep fallโฆ something interesting happened on the charts today.
It was quiet. No hype. No noise.
But beneath that silence, PHA was holding a story few noticed โ and the smart money always listens to such whispers.
๐ After tumbling from above $0.12, PHA found itself back at the same old battleground โ the green support zone around $0.093โ$0.095.
This wasnโt the first time. It had defended this very zone weeks ago, and now againโฆ it stood tall.
Then came todayโs candle โ bold, green, and confident. A full-bodied bullish engulfing candle on the daily timeframe.
It wasnโt just any bounce. It was a signal. A message.
๐ง But what really made this bounce special?
Zoom in to the 1-hour chart, and youโll see how this rebound was carefully orchestrated:
Step by step, candle by candle, $PHA started printing higher lows.
It flipped the 20 EMA and 50 EMA into support ($0.0974 and $0.0980).
The RSI climbed steadily to 62, not overbought โ just confidently rising.
It was like watching a warrior pick up his sword again after a long defeat.
๐ฏ The Comeback Plan โ Trade Strategy:
Buy Zone: $0.0975 to $0.0985 (during any calm pullback)โ
Target 1: $0.1009 (100 EMA test)๐ฏ
Target 2: $0.1055 (previous supply zone)๐ฏ
Target 3: $0.1098 (for the patient ones)๐ฏ
Stop Loss: $0.0942 (below the key demand zone)โฃ๏ธ
Trade Horizon: 1โ2 days (quick rebound setup)
๐ Hidden Clues Many Missed:
Daily RSI is recovering from 39.43, signaling a momentum shift.
Hourly candles showing pressure buildup, hinting a breakout.
Still trading below major moving averages on the daily โ but thatโs what gives the upside room to run.
๐ข $PHA just told you a quiet bullish taleโฆ did you hear it?
โ ๏ธ This post is for educational purposes only. Please do your own research.