$PHA 📢 PHA/USDT – Binance (1-Hour Chart Analysis) 📉
📅 Date: February 15, 2025
⏳ Timeframe: 1-Hour Chart
🕒 Suggested Trade Duration: Short-Term (1-6 hours)
📈 Current Price: $0.1771
📊 Trend Signal: Bearish Continuation 🚨
🔥 Technical Analysis – Bearish Setup
📌 Chart Pattern Analysis
🔍 Pattern Formed: Head & Shoulders Pattern (Bearish)
🔻 Breakdown Zone: Below $0.1750 confirms further downside potential.
🧐 Key Resistance: $0.1850 - $0.1900
🛑 Support Zone: $0.1698 - $0.1650
📌 Candlestick Formation
🕯️ Recent Candlestick Formation:
Long Upper Wick Candles ➡️ Sign of strong rejection from higher prices.
Bearish Engulfing Candle ➡️ Confirms sellers' dominance.
Lower Highs Forming ➡️ Signals a downtrend continuation.
🔴 Sell (SHORT) Setup 💰
✅ Entry: Below $0.1750 (Breakdown Confirmation)
⛔ Stop Loss: $0.1820 (Above resistance zone)
🎯 Target 1: $0.1698 (First Support Zone)
🎯 Target 2: $0.1650 (Major Support)
⏳ Trade Duration: 1-6 hours
📌 Indicator Confirmation
📊 Volume Analysis:
🔸 Declining Buying Volume ➡️ Weak bullish momentum.
🔸 Breakdown needs a volume spike for confirmation.
📊 RSI (Relative Strength Index):
🔸 Current RSI: 48.65 ➡️ Below 50, indicating bearish strength.
🔸 Falling RSI Trend ➡️ Further downside pressure.
📊 DMI (Directional Movement Index):
🔸 -DI (Red) Increasing ➡️ Bears gaining strength.
🔸 ADX Still Rising ➡️ Trend becoming stronger.
⚠️ Risk Management & Considerations
✅ If price stays below $0.1750, expect further downside.
✅ If price breaks above $0.1820, bearish setup is invalidated.
✅ Wait for volume confirmation before shorting.
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⚠️ Disclaimer: Not financial advice. Always conduct your own research before trading! 🚀
