đ $TAO USDT â Bullish Reversal: Ready to Launch the Next Leg Up
đĄ Shift in Momentum
$TAO has staged a decisive Vâshaped recovery from the ~$300 zone, breaking through several resistance levels on high volume. After a brief pullback, price is now stabilizing above the breakout pointâa classic setup for another bull run .
đ Trade Setup
Parameter Range
Entry $336â$344
Take Profit TP1: $360 TP2: $375
Stop Loss $298
đ Market Analysis
Trend Reversal Confirmed
$TAO recently bounced off a strong support zone in the midâ$330s, forming a doubleâbottom pattern on the daily chart. This signals waning selling pressure and a stronger shift toward bullish sentiment .
Technical Outlook
Following its Vârecovery, price action has flipped structure, with higher lows now holding the midâ$330s level. A break above short-term resistances (~$351â$355) could unleash a move toward the next targets in the high $360sâlate $370s .
Macro Context
Broader indicatorsâfrom moving average crossovers to rising volume in subnetsâalso support upside continuation. One analysis even projects a ~60% move if BTC and market sentiment remain supportive .
đ§ WatchâPoints
1. Support Stability â Holding the $336â$340 zone is crucial; a breakdown could signal deeper risk.
2. Breakout Confirmation â A clean move above $351â$355 enhances the probability of hitting TP1 and TP2.
3. HigherâTimeframe Patterns â If a bullish flag or harmonic setup completes, it may accelerate the rally .#BinanceHODLerSAHARA #BinanceAlphaAlert #MarketRebound #IsraelIranConflict #SaylorBTCPurchase