#🔥 Analysis and price action of #PHAROS/USDT 🔥
$PHAROS continues to trade in a positive uptrend on the 15-minute timeframe, currently consolidating and undergoing a healthy correction after reaching a high of 0.6604.
📊 Current technical data:
▪ Current price: 0.6484
▪ 24-hour high: 0.6604
▪ 24-hour low: 0.5893
▪ Daily change: +9.51%
💡 Technical outlook and rebound opportunity:
Holding above the nearby support level at the MA25 (0.6434) strengthens the case for renewed upward momentum and a breakout above upcoming resistance levels to continue the rise.
🎯 Expected targets:
1️⃣ First target: 0.6550
2️⃣ Second target: 0.6600 (retest of the high)
3️⃣ Third target: 0.6720
🛑 Stop loss (SL): 0.6380 (a candle close below nearby support)
⚠️ Note: Always follow strict risk management and avoid trading with high leverage.
#Crypto #BinanceSquare #PHAROS #Trading #TechnicalAnalysis $PHAROS
$PHAROS continues to trade in a positive uptrend on the 15-minute timeframe, currently consolidating and undergoing a healthy correction after reaching a high of 0.6604.
📊 Current technical data:
▪ Current price: 0.6484
▪ 24-hour high: 0.6604
▪ 24-hour low: 0.5893
▪ Daily change: +9.51%
💡 Technical outlook and rebound opportunity:
Holding above the nearby support level at the MA25 (0.6434) strengthens the case for renewed upward momentum and a breakout above upcoming resistance levels to continue the rise.
🎯 Expected targets:
1️⃣ First target: 0.6550
2️⃣ Second target: 0.6600 (retest of the high)
3️⃣ Third target: 0.6720
🛑 Stop loss (SL): 0.6380 (a candle close below nearby support)
⚠️ Note: Always follow strict risk management and avoid trading with high leverage.
#Crypto #BinanceSquare #PHAROS #Trading #TechnicalAnalysis $PHAROS