This TAO/USDT chart indicates a potential bullish breakout. The price has exited a descending channel, signaling a reversal. The RSI is at 71.55, showing strong bullish momentum. A 40% upside is projected if the breakout sustains and buying pressure continues. Volume has increased, supporting the upward movement. The chart suggests buyers are gaining control, potentially leading to a significant rally. If the price holds above the previous resistance level, it confirms the bullish trend. However, failure to sustain above this zone could bring consolidation or retracement. Overall, the market looks poised for a bullish continuation.
Trade Details:
Entry: Around 416.00 ( Join my Binance live for premium crypto signals )
TP: 583.00 SL: HOLD
$TAO
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