🚀 TAO/USDT Long Trade Setup 🚀
We are closely monitoring #TAO/USDT for a potential bullish breakout! Here’s what we’re seeing:
🔹 Descending Channel Formation:
TAO is currently moving within a descending channel — a classic bullish reversal pattern. Historically, a breakout from this structure signals a strong upside move.
🔹 Trendline Break in Progress:
Price action is pressing against the upper trendline resistance. We are waiting for a clean breakout on the 4-hour chart, ideally accompanied by strong volume confirmation.
🔹 Entry Plan:
We will be looking to open a long position once the 4H candle closes firmly above the trendline with good buying momentum.
🔹 Target:
First major target is set at $440+. Additional targets will be updated as the trade progresses.
🔹 Risk Management:
Always apply proper risk management. We will update stop-loss levels once the breakout is confirmed.
🔹 Stay Alert:
Keep this pair on your watchlist!
We’ll share the official trade call once confirmation criteria are met. 🚀
👉 Follow for live updates and detailed trade management!
