Trade Setup: $TAO /USDT Bullish Opportunity
Market Snapshot
Current Price: $412 (+8.56% 24h)
Trend: Bullish continuation
24h Range: $377.7 – $414.6
Volume (24h): 78,507.26 TAO (~$31.01M USDT)
Category Strength: Leading gainer in Layer 1/Layer 2 segment
🎯 Trade Plan
1. Entry Zones
Aggressive Entry: $408 – $410
Rationale: Pullback to immediate support on bullish continuation.
Conservative Entry: $400 – $403
Rationale: Deeper retracement into a key support zone.
2. Take-Profit Targets
Target 1: $414.6 — Local resistance (24h high)
Target 2: $420 — Psychological level and potential breakout zone
Target 3: $430 — Extended move target on momentum follow-through
3. Stop-Loss Levels
Tight SL (Aggressive): Below $405
Wide SL (Conservative): Below $397 (below 24h low and structural support)
Technical Analysis Summary
Momentum: Strong bullish impulse with increasing volume, signaling buyer control.
Support Zones: $400 (round number), $397 (24h low)
Resistance Zones: $414.6 (minor), $420 (psychological), $430 (bullish extension)
Volume Profile: Sustained high activity suggests breakout attempts are likely to be supported by liquidity.
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