$TAO range - now at the top. Looks bullish, but until broken range remains valid.

Therefore I believe it is worth waiting for price at the bottom around 231 and only there either get into long, or catch breakdown for short.

FOMO long from here doesn't provide any good SL level that would justify the risk. As you can see, even drawn setup is only for 2RR. Yes, 56%, but only 2RR, so not worth it. Better wait for breakout and then long with tight SL.