đź’Ž Yello, Paradisers! prepare for an exciting trading opportunity with PHAUSDT. Currently, it's showing significant activity in the demand zone, hinting at a potential shift to an upward trend.
đź’Ž PhalaNetwork has been consistently following a trading channel pattern. It has already broken above this channel once, and we expect it to approach a resistance level before likely retracting, consistent with its channel behavior.
đź’Ž There's a notable probability of a bullish trend initiating from the support level around $0.0950. With PHA having successfully broken out of the trading channel upwards, it's now set to target resistance levels around $0.12.
đź’Ž Timing is crucial for discerning Paradisers. Pinpointing the optimal entry points during this upward movement is essential. It's advisable to avoid buying at the peak of this trend.
đź’Ž Exercise caution, as there's also a possibility of PHA dropping below the $0.0950 support level. A decline past this essential point might lead to doubts about the longevity of the upward trend.