$TAO /USDT: Bullish Reversal Opportunity
Strong Buying Interest:
$TAO has found buying interest around the $337-$338 support zone, confirming a bullish reversal after a downtrend. Price action suggests a potential bounce toward higher resistance levels.
Trade Setup:
- Entry: $343.50 - $345
- Take Profit: $363.50
- Stop Loss: $335.00
Market Analysis:
The rejection from lower levels indicates bears are losing control. A hold above $340 could fuel bullish momentum toward the next key resistance.
Trading Opportunity:
Consider entering long positions, targeting $363.50, with a stop-loss at $335.00. Monitor price action and adjust strategy accordingly to capitalize on the potential upside.
