i think phx have very important point =0.00000083 btc
if phx can break and hold 0.00000083 btc then have several target:
target 1=0.0000951 btc
target 2=0.00001040 btc
target 3=0.000018 btc
ateention:phx should break and hold 0.00000083 btc first .
Spotted huge pin Bar formation with its previous effect always bring down the price, more so price keep trading within huge symmetrical triangle pattern which is nearing its formation end, this implies that we should keep eyes on possible breakout in the nearest time.
Our major trading plans will be either to wait for the accumulation Zone or follow the breakout...
So last days PHXBTC is trading between 71-80 price level, which is prepump price level. From here I see 3 scenarios:
1. PHXBTC pumps till 200-250 price level.
2. PHXBTC continues to trade between 71-80.
3. PHXBTC goes down till 50-60 price level.
But I predict 1 scenario as my intuition suggests )
Put stop-loss around 70 satoshis, and take profit 2x-3x from...
Red pulse did a nice turning point in Support Line and on 4H chart looking bullish.
Even if it is looking bullish - still we need to careful and I would wait for a retracement and buy in a dip for upward movement
PHX resteting the Potential Reversal Zone for a Type 2 Reversal.
Still the same targets. The Stop Loss Zone is likely to be tested before any price reaction. Holding strong.
Good trade and good luck everyone,