📊 $TAO / USDT Trade Analysis – Potential Reversal Zone

✅ Current Price: $313.8

🟡 Key Support Zone: $295 (0.618 Fib level)

📈 Target Projection: $499.8 (Potential upside: ~106%)

📉 Trendline Support: Holding strong above the ascending dotted trendline.

🔍 Technical Overview:

Fibonacci Retracement Level 0.618 at $295 is acting as a crucial support zone.

The ascending trendline has been respected multiple times and currently aligns with this support, strengthening the probability of a bullish reversal.

A bounce from this level could lead to a rally targeting the previous resistance near the $500 zone.

Volume remains stable, with no panic selloff, indicating a healthy correction rather than a breakdown.

🎯 Trade Outlook:

Risk-Reward Potential: With support close by and upside potential over 100%, this trade setup offers a strong R:R ratio for spot investors.

Invalidation: If price breaks and closes below $290 with volume, reconsider the long bias.

🧠 Pro Tips:

Patience is key — Let confirmation candles appear near the trendline/support zone.

Avoid FOMO entries — Buy zones should align with confluence (Fib + trendline).

Always manage risk — Even the best setups need proper stop-loss placement.

🚨 Market Context:

With global tensions rising and overall crypto sentiment shaky, strong fundamental coins like $TAO — when aligned with solid technicals — offer strategic entries for longer-term holders.

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