⚠️ TAO/USDT Trade Signal — Watch for Potential Reversal Bounce
Current Price: ~$428.36
Trend Summary: After a sharp sell-off from the $470+ zone, price has found short-term support near $420, with signs of a bullish bounce attempt. Volume is increasing slightly.
🟢 Bullish Bias – Reversal Attempt in Play
📈 Entry (Long):
$426 – $429 (current price zone; wait for bullish engulfing or confirmation candle)
🛑 Stop-Loss:
$419 (below recent wick low)
🎯 Take-Profit Targets:
TP1: $440
TP2: $455
TP3: $470 (if momentum sustains)
📊 Risk/Reward:
Favorable if reversal holds; potential 2:1 setup
🔍 Technical Observations:
Price bouncing from strong previous support zone (~$420)
Spike in buy volume after sharp red candles
Early signs of bottoming tail candles
Reversal not confirmed yet — wait for candle close above $430
📢 Signal Analyst: @RanaDanialBabar ar
🕰️ Timeframe: 1H (Short-Term Reversal Play)
⚠️ Caution: If price closes below $420, invalidate long setup — potential continuation of downtrend.