๐จ TAO Ready for Reversal? Bullish Setup in Play! ๐จ
After a strong move to the downside, $TAO is flashing early signs of a potential reversal on the 4H chart. Letโs break it down ๐
๐น VWAP Retest in Progress
TAO has pulled back hard but is currently testing the VWAP, which could act as key dynamic support.
๐น Bullish Divergence Forming
On the 4H RSI, weโre spotting bullish divergence โ price is making lower lows while RSI is printing higher lows. This could signal momentum shift incoming.
๐ฏ Entry Zone: 358โ352
If this range holds, itโs a strong potential bounce zone.
๐ Take Profit Targets:
TP1: 376
TP2: 426
TP3: 471.4
๐ป Risk Management:
Stop Loss: If the daily candle closes below VWAP, consider exiting or reducing risk.
Watch for dips toward the 0.618 Fib level at 324.4 โ this could be a strong secondary buy zone before a reversal.
โ ๏ธ Trade safe. Manage risk. The setup is there โ now itโs about execution.
โก๏ธ buy and trade here on $TAO
โค๏ธ Follow and Like for more trading setups and market updates โฅ๏ธ
