$TAO

💼 Buy $TAO at $355.5

I opened a long position on TAO/USDT at $355.5 in February 2025, taking advantage of the current decline. The price of TAO/USDT is currently at $430, and my sell target is set at $440.

📉 Technical Analysis:

Support identified: The $355.5 level served as support before the rise observed in mid-September 2024. This area has been tested several times, and after the recent correction, it presents a favorable entry opportunity to anticipate a new bullish phase.

Target at $440: This level corresponds to a key resistance, previously observed during the December 2024 and January 2025 rally. I expect a new attempt to break this zone due to current market dynamics.

🧠 Strategy:

The current correction offers a buyback opportunity on a solid support, with an anticipation of a technical rebound in the following months. My objective is to sell back at the resistance observed in December 2024 - January 2025.

Indicator analysis: The RSI is currently close to 30, indicating a potential reversal to the upside. Volumes show a slight decrease in selling pressure, reinforcing the hypothesis of a stabilization around this support.

Sell target: $440 in December 2024 - January 2025. This resistance zone has shown strength during the last bullish attempts, and I plan to capture the next move by targeting this region before a possible new correction.

🛑 Risk Management:

Stop-loss placed below $340 to limit losses in case of a new bearish breakout. The risk/reward ratio of this trade is approximately 1:3, with the goal of maximizing gains while managing risk effectively.