$TAO /USDT BULLS TAKING CONTROL — STRONG MOMENTUM BUILDING ABOVE SUPPORT!
$TAO /USDT has shown an impressive recovery, bouncing from the $340–$350 support range and now holding steady around $397 after testing highs near $412. This strong upward push signals growing bullish momentum as buyers reclaim control, with short-term consolidation likely before another leg higher.
Immediate Explanation:
TAO’s recent breakout above $380 has turned that zone into a fresh support base. Momentum indicators are in bullish territory, and price action shows higher lows forming — a classic sign of trend continuation. A breakout above $410–$415 could open the door to new highs in the coming sessions.
Trade Setup (LONG):
Entry: $395 – $400
TP1: $415
TP2: $440
SL: $378
Alternative (Short) — only if trend reverses:
Trigger: Break below $375
TP1: $355
TP2: $340
SL: $390
Market Outlook:
The overall structure remains bullish, with momentum favoring buyers as long as TAO holds above $380. Expect continued upward pressure if volume sustains on rallies, potentially pushing price toward $440 in the near term.
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$TAO