TAO is gearing up for a breakout 🔥
After weeks of consolidation, RNDR is now moving within a rising structure and pushing against a key descending trendline from the previous highs.
🔍 What the chart shows:
Descending Trendline Resistance: Price has tested this trendline multiple times, a breakout would signal strength.
Higher Lows: Buyers are consistently stepping in early, showing increasing demand.
Tight Price Action: Price is getting squeezed, indicating an explosive move could be near.
Volume: Slight rise in volume suggests growing momentum.
🎯 Trade Setup Idea:
Entry: Break and retest above $330
Stop-loss: Below $310
Target 1: $380
Target 2: $440
A breakout above the trendline could trigger a strong upside move.
DYOR. NFA