$TAO

Bullish rebound for the TAO/USDT pair - targeting $368 or more on a strong retest!

The TAO pair confirmed a bullish rebound from a key demand zone around $354, showing a strong bullish engulfing candle indicating a clear reversal from the previous bearish pressure. The price is currently stabilizing above the previous structural resistance level, now forming support, suggesting that the bulls are ready to push towards the upper resistance level near $368.

Trading Setup (Long):

Entry Zone: $357 - $359

Take Profit (TP): $368.12

Stop Loss (SL): $352.50

This setup favors a continuation of the bullish trend after a clear rejection from the demand zone. The recovery supported by trading volume and market structure indicates that the bulls have regained control. If the price stabilizes above $356, it is very likely to continue reaching the take profit level.

Market Outlook:

TAO is forming a bullish ascending pattern from top to bottom. As long as the price remains above the demand zone, the short-term bullish bias remains intact. A failure to hold above $354 could invalidate this scenario.

Order: "An ideal retest has been spotted - follow the bulls and target breakout gains!"