#TAO breakout or Fakeout.....
$TAO ’s Tactical Turn Reversal Brewing from the Abyss❓❓❓
$TAO just printed a firm local bottom at $334.3 after cascading down from its $390+ peak. With back-to-back green candles forming on the 15-minute chart, early signs of a recovery are flashing. Buyers are beginning to reappear, albeit cautiously.
Long Trade Setup (15M Timeframe):
• Entry Zone: $337 – $340
• Take Profit 1: $348
• Take Profit 2: $357
• Take Profit 3: $369
• Stop Loss: $329
Technical Snapshot:
• Local support confirmed at $334.3 with wicks rejecting lower...
• Initial green candle with rising volume indicates possible momentum shift...
• Oversold conditions on short timeframe hint at mean reversion...
• Risk-reward ratio favors bulls with tight invalidation and upside potential...
TAO might not explode instantly, but it's showing the muscle to push back. Smart entries now could ride the early wave of a breakout recovery.