Attention, traders of $TAO /USDT! 🚨 We have an interesting LONG signal for those with nerves of steel!
The current price shows a "shock" at $386.24. This is our initial entry point to look for a bounce. The distance to this point is minimal (0.19%), which means we are very close to the action.
Our ambitious TARGET is set at $408.55. If the upward trend consolidates, we could see significant profits at this level!
To manage risk, we have three levels of "shocks" or stops:
LG1: $386.24 (our initial entry point, if it loses it strongly, be careful)
LG2: $374.65 (3.0% below, to consider a possible profit-taking if things don't go as we expect, or even an addition to the position if we are looking for a greater bounce)
LG3: $352.34 (6.0% distance, this is the final defense level, if it loses it, it's time to reevaluate the situation!)
And one fact we cannot ignore: The All Time High of TAOUSDT is at $750.0! Currently, we are 93.85% away from that level. This tells us that, although there is enormous long-term upside potential, we are at a moment of searching for a bottom or trend confirmation.
In summary, the LONG signal on TAOUSDT points to a bounce opportunity with a clear target. However, given the distance from the ATH, patience and strict risk management are crucial. The bulls must prove their strength to push the price towards that target! Stay alert and manage that risk!
#CryptoSignals #TradingCrypto #TAOUSDT $POL $DOT