Cameron Fous
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Market thoughts, trade updates, and life with Fous 17+ year in the Trading Industry.📉
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PHBUSDT
#LONG
Entry: 0.484 0.448
TP: 0.51 0.58 0.67 0.8 0.96
SL: 0.41.
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BTC CME UPDATE
Bitcoin CME Futures is currently forming a potential double top pattern on the 1H timeframe, indicating a possible short-term reversal after the recent upward move.
The neckline support lies around the $114,000 level, a breakdown below this zone could trigger a bearish move toward the $113,500 and $111,000 levels, where the ascending trendline aligns as major support.
If the price manages to hold above the neckline and rebounds, it could invalidate the bearish setup and retest the $115,500–$116,000 resistance zone. A breakout above this resistance would confirm bullish continuation.
Bitcoin looks ready to move lower to fill the pending CME gap, making the upcoming price action around the support levels highly crucial.
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TAOUSDT UPDATE
TAO has broken out of the flag pattern with strong volume, signaling renewed bullish momentum.
To confirm the breakout, a daily candle close above the pattern will be crucial, this would validate the move and likely trigger a strong bullish rally.
Keep an eye on it as momentum builds.
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TAOUSDT UPDATE
TAO is currently consolidating within the flag pattern, indicating a healthy pause following its recent upward move.
This formation typically represents a continuation phase before the next leg higher.
A decisive breakout above the flag’s resistance trendline will confirm bullish momentum and could trigger a strong rally toward new highs. 🚀
