$PHA / USDT (4H)
Price is doing exactly what a strong chart should do before the next leg up.
I just finished building my long-term position and now HODL 10M $PHA 🐳
This healthy pullback to the 0.618 Fibonacci level looks like an excellent accumulation opportunity, as the market flushes overleveraged longs and allows RSI to cool down.
I see $0.034–$0.03 as one of the best accumulation zones on the chart right now.
The key resistance level remains unchanged at $0.04. If Bitcoin stabilizes and recovers, a strong bounce toward that level is very possible.
A confirmed breakout and hold above $0.04 could open the door to significantly higher targets.
Don’t panic. Buy when there’s blood in the streets and everyone is afraid.
Phala Network’s fundamentals have only become stronger, while the current price offers a much better entry point for larger investments. 🚀
Price is doing exactly what a strong chart should do before the next leg up.
I just finished building my long-term position and now HODL 10M $PHA 🐳
This healthy pullback to the 0.618 Fibonacci level looks like an excellent accumulation opportunity, as the market flushes overleveraged longs and allows RSI to cool down.
I see $0.034–$0.03 as one of the best accumulation zones on the chart right now.
The key resistance level remains unchanged at $0.04. If Bitcoin stabilizes and recovers, a strong bounce toward that level is very possible.
A confirmed breakout and hold above $0.04 could open the door to significantly higher targets.
Don’t panic. Buy when there’s blood in the streets and everyone is afraid.
Phala Network’s fundamentals have only become stronger, while the current price offers a much better entry point for larger investments. 🚀