Update: TAO / USDT (4H)
$TAO is currently trading around $180. After breaking out of the descending structure, price is now pulling back toward a key Fibonacci point of interest (POI) — a zone that often determines whether continuation or deeper correction follows.
This pullback is constructive and worth watching closely.
Key Levels on My Radar
$180 POI — current demand zone where price is reacting
0.5–0.618 Fib retracement — primary support area for bullish continuation
$221.1 — first upside target
$249.6 — major high if momentum accelerates
Trade Idea
The plan is simple and disciplined: I want to see TAO hold and stabilize inside the Fib POI, show signs of strength, and confirm support.
Only then will I look for long opportunities, targeting $221.1, with a potential extension toward $249.6 if momentum remains strong.
🚫 No chasing price.
✅ Patience first, execution after confirmation.
Not financial advice. Always manage risk.
#TAOTrading #TAO