Trade Setup Overview:
Entry Zone: $443 – $446
Take Profit Targets:
TP1: $454
TP2: $462
TP3: $475
Stop Loss: $434
Key Levels:
Support: $440 (Strong short-term defense zone)
Resistance: $456 (Recent 24H high)
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Technical Breakdown:
$TAO has shown impressive resilience after a brief but healthy retracement from its recent high of $456. The price has now bounced strongly from the $440 zone, which has acted as a solid short-term support. Bulls appear to be regaining momentum, with the price currently consolidating near $446, showing bullish signs on lower timeframes.
The 15-minute chart reveals a short-term higher low formation—an early indication that buyers are stepping in aggressively to defend the $440 region. This pattern, if sustained, could serve as the launchpad for the next upward leg.
A decisive candle close above $450 would serve as strong confirmation of bullish continuation and might trigger a wave of breakout traders entering the market, accelerating the move toward higher targets.
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Strategic Tips:
Early Entry: Those already in from the $443–$446 range should monitor the reaction around $450.
Late Entry Strategy: If you’re entering late, wait for a clean candle close above $450 to avoid fakeouts.
Risk Management: Use a trailing stop loss once TP1 is achieved to protect profits while staying in the move for higher targets.
Market Structure: As long as $440 holds, the bullish structure remains intact. A breakdown below $434 would invalidate this setup and signal weakness.
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Conclusion:
Momentum is shifting in favor of the bulls as $TAO defends critical support. If price clears $450 with volume, we could see a strong rally toward $462 and possibly $475 in the short term. Watch key levels, manage risk smartly, and ride the trend if confirmation aligns with your trading plan.