$TAO/USDT – Bullish Trade Setup (2H Chart)
Setup Type: Breakout & Pullback to EMA Support
Entry Zone: $244–$249 (confluence of 21 & 50 EMA)
Stop Loss: $234.8 (below key support and 200 EMA)
Take Profit Targets:
TP1: $262 (local resistance)
TP2: $275+ (if breakout gains momentum)
Rationale:
Price shows strong bullish momentum, with resistance near $260. A pullback to the EMA cluster is likely, offering a potential entry. If buying volume supports the bounce, continuation toward higher targets is expected.
