PHAROS is sliding into a tight downtrend, the 1-hour chart just punched through the recent swing high. Momentum is screaming short as sellers dominate the order flow.
š“ $PHAROS SHORT š
Entry ā $0.797502-$0.799098
Stop ā $0.822249 (-3.0%)
TP1 ā $0.786326 (+1.5%)
TP2 ā $0.758385 (+5.0%)
R/R 1:1.7 ā¢ Confidence 64%
The CHoCH broke the bullish structure, while the CVD turned negative confirming the squeeze. A fresh liquidity sweep hit the previous swing low, exposing a clear FVG that lines up with an order block, creating a POI confluence.
A 3% stop is relatively tight on this swing, so keep leverage modest - 2-3Ć is prudent.
Take half profit around the first target as the price reaches the next minor resistance.
Not financial advice ā always manage your own risk š
$PHAROS #PHAROSUSDT #BTC #TradingSignals #Write2Earn
š“ $PHAROS SHORT š
Entry ā $0.797502-$0.799098
Stop ā $0.822249 (-3.0%)
TP1 ā $0.786326 (+1.5%)
TP2 ā $0.758385 (+5.0%)
R/R 1:1.7 ā¢ Confidence 64%
The CHoCH broke the bullish structure, while the CVD turned negative confirming the squeeze. A fresh liquidity sweep hit the previous swing low, exposing a clear FVG that lines up with an order block, creating a POI confluence.
A 3% stop is relatively tight on this swing, so keep leverage modest - 2-3Ć is prudent.
Take half profit around the first target as the price reaches the next minor resistance.
Not financial advice ā always manage your own risk š
$PHAROS #PHAROSUSDT #BTC #TradingSignals #Write2Earn