🚀 TAO / USDT — Candlestick Activity Analysis
Timeframe: 4H Chart
Market Observation
From Peak to Correction:
TAO reached $437 on July 27 before entering a clear downtrend, producing several long-bodied red candles — a sign of strong selling pressure from whales or large holders.
The low point of $327.3 on August 2 coincided with reduced trading volume, suggesting selling exhaustion.
Recovery Phase:
Gradual green candles emerged, with price moving back above the MA(25), and testing MA(99) — indicating buyers regaining control.
Increasing volume during upward moves signals accumulation by smart money.
Current Position (Aug 10):
Price is at $383.3, slightly retracing after a multi-day rise — a healthy consolidation rather than a full reversal.
The presence of lower candle wicks shows buyers defending support around $380 – $378.
Educational Takeaways for Followers
Breaking above MA(25) is often the first sign sellers are losing grip.
Gradual climbs with steady volume usually point to whale accumulation, as opposed to sudden pumps.
Short-term retracements after sustained climbs are often market pauses before another leg up.
Possible Trade Plan for TAO
Bias: Gradual bullish continuation
Entry Zone: $380 – $384 if price holds above $380
Stop Loss: Below $376
Take Profit Targets: $395 → $405 → $420
Risk Management: Keep risk per trade below 2% of portfolio and take partial profits at each target.
