Coin Name: $TAO
Position: Long (Spot)
Entry Price: $285.00
On the 1-day timeframe, TAO has formed a descending channel—a typically bullish pattern. It has already broken above the upper resistance trendline, signaling a potential reversal. A good strategy would be to wait for a retest of the breakout level before entering a spot position. If the retest holds, TAO could rally approximately 67% to the upside. Overall, I'm bullish on TAO.
On the 1-day timeframe, USDT.D has formed an ascending channel, which can be a bearish signal when paired with other indicators. The RSI is showing a clear bearish divergence and has already broken below its support level. These factors suggest potential downside momentum, which is why I'm currently bearish on USDT.D.
Targets:
1st TP 370.00
2nd TP 470.00
📌 Special Note:
🔥Spot Call🔥
⚠️ Use only 10% of your portfolio 💼 to manage risks effectively. Avoid high leverage 🚫 and proceed cautiously to mitigate potential losses 📉. Always prioritize risk management and use the DCA method ✅.
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