Coin Name: $PHA
Position: LONG
Entry Price: 0.1123
On the 4-hour timeframe, Phala (PHA) is currently maintaining an uptrend. A key support level has formed, and if this support holds, there's a strong potential for upward continuation. Additionally, the RSI is approaching the demand zone—an area typically associated with increased buying interest—signaling potential bullish momentum ahead.
On the 4-hour timeframe, OTHERS is forming a bull flag, a typically bullish continuation pattern. A key support level aligns with the flag’s lower trendline. If OTHERS can hold this area, an upward breakout is likely. Additionally, the RSI is approaching the demand zone—commonly seen as a buyer's territory—further supporting the potential for a bullish move.
PHA is currently in a downtrend, as seen on the weekly timeframe. While there's significant liquidity resting on the upside, the prevailing bearish structure suggests that PHA is more likely to target and clear the downside liquidity first before any potential reversal.
Leverage: 3X
Targets:
1st TP 0.1216
2nd TP 0.1350
3rd TP 0.1430
4th TP 0.1500
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$PHA