$PHAROS
#PHAROS #LONG
Entry: 0.3850 - 0.3950
Stoploss: 0.3600
Take Profit: 0.4200
Take Profit 2: 0.4500
Bounced off the 0.36 low and just broke back above the dotted 0.392 line with a green push today (+2.75%). This has been the range's pivot point for the past few weeks, so reclaiming it is a decent sign for a move back toward the 0.40-0.42 zone.
Order book leans slightly long (54%), matching the setup, but the 90-day trend is still down heavily (-36.52%), so this is a range bounce, not a confirmed trend reversal.
#PHAROS #LONG
Entry: 0.3850 - 0.3950
Stoploss: 0.3600
Take Profit: 0.4200
Take Profit 2: 0.4500
Bounced off the 0.36 low and just broke back above the dotted 0.392 line with a green push today (+2.75%). This has been the range's pivot point for the past few weeks, so reclaiming it is a decent sign for a move back toward the 0.40-0.42 zone.
Order book leans slightly long (54%), matching the setup, but the 90-day trend is still down heavily (-36.52%), so this is a range bounce, not a confirmed trend reversal.