$TAO Detailed Technical Breakdown
#TAO 💥 Price completed a steep downward corrective move from macro peaks ~270 down to ~227 before bouncing back into mid range territory. To maintain an optimal risk to reward ratio and avoid chasing current price action ~234.80, the plan waits for a complete retest into lower demand support to absorb remaining sell side pressure before taking off
👉 Primary Entry Zone: 227.5 - 231.0 Key demand support block to execute Long limit orders on the dip
👉 Key Invalidation (SL): A clean breakdown and candle close below SL < 221.8 invalidates this Long setup, signaling a deeper breakdown below major swing support
📌 Trading Plan (Long Setup):
👉 Long Entry Zone: 227.5 - 231.0 Wait for price to retest support to establish low-risk, high-reward Long positioning
👉 Stop Loss (SL): < 221.8 Strict invalidation level below structural swing support to protect trading capital
🎯 Take Profit Targets:
🎉 TP1: 239.3 - 243.4 First major resistance block, lock in partial profits and move SL to breakeven
🎉 TP2: 255.8 - 259.8 Major expansion target zone testing key overhead supply and recent peak levels
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