$PHA Fibonacci Extensions (Targets):
1️⃣ 1 (29.50 cents):
This is the 100% extension and marks the level where the price could return to its initial high. It acts as the first target for a full recovery in a bullish trend. Thumbs 👍 for me
2️⃣ 1.618 (42.70 cents):
A critical bullish target if the price exceeds its previous high. This is where traders often take profits as it signals strong momentum.
3️⃣ 2.618 (64.07 cents):
A highly optimistic target that signals a continuation of strong upward momentum. It’s achievable in a highly bullish scenario where demand significantly outpaces supply.