🚀 $PHAROS is showing a potential technical setup!

The 1W chart on Binance displays a strong V-bottom recovery after testing the 0.3160 base, pushing aggressively past multiple Fibonacci extension levels.

📈 The Technical Setup:
• The Pattern: V-Bottom Reversal and Fibonacci Extension Test
• Short-term Target: 0.7252 (Fib 3.618)
• Macro Objective: 0.7951 (Fib 4.236)
• Market Structure: Reversal

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.4990 - 0.5300
• Resistance: 0.7252
• Breakout Level: 0.6121
• Stop Loss / Invalidation: 0.4990

📊 Confirmation:
• Volume: Expanding bullish volume on recent green candles
• Momentum: Strong upward momentum breaking multiple resistance levels
• Trend: Bullish macro reversal from the 0.3160 low

⚠️ Invalidation:
A weekly candle close back below the 0.4990 level would invalidate the immediate bullish continuation setup.

Price action indicates strong bullish recovery, keeping key fib levels in play as immediate targets.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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