$TAO – EYEING RECOVERY TOWARD $400+
$TAO is trading near $373.20, showing signs of a rebound after a sharp pullback. Historically, similar support tests have sparked rallies of 17%–25%, making the current bounce worth watching.
Trade Setup:
• Entry Zone: $365 – $375 on dips
• Stop Loss: Below $355
• Target 1: $390
• Target 2: $405
Technical View:
After failing to break the $445–$460 resistance and slipping under $433, TAO attracted strong buying interest around $360. The 12% rebound from this level aligns with past recovery patterns, and holding above $365 could fuel a push toward $400+. A drop below $355, however, may trigger a deeper move toward $340.