Bounce or breakdown❓❓❓
$TAO on the Edge Will This Be the Bounce of the Week❓❓❓
$TAO just touched a fresh 15M low at $315.20 testing a key psychological zone with visible buying pressure creeping in. The wick at the bottom hints at a potential bullish reversal if buyers step in now.
LONG Trade Setup
Entry Zone: $316.5 – $317.2
TP1: $321.5
TP2: $325.0
TP3: $329.0
Stop Loss: $313.8
Quick Market Insight:
TAO is down nearly 5% today, but historical patterns suggest strong bounce potential from similar zones. Volume spikes and a solid order book on the bid side indicate possible accumulation.
Eyes on the $317 zone this could be the reversal candle.