It is oversold, at any moment it drops and gains strength, many are waiting to take profits on the chart it is seen
BIT_MASTER01
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Bullish
$TAO /USDT BULLISH REVERSAL IN MOTION — READY FOR A CLEAN BREAKOUT ABOVE RESISTANCE!
Wait for confirmation candle!!
$TAO has just broken above the descending trendline and reclaimed horizontal support around the $450 zone. The bullish engulfing candle confirms buying strength, with volume backing the move. Current price is $455.2 and climbing toward the next resistance.
TRADE SETUP: LONG POSITION • Entry Zone: $455 – $458 • Take Profit (TP): $485.5 • Stop Loss (SL): $444.4
MARKET OUTLOOK: TAO is attempting a strong reversal after a liquidity sweep below support. The price is holding above the breakout zone, signaling a potential trend shift. Volume supports the move, with RSI likely recovering from oversold. Eyes on $470+ if $485.5 is breached.
Follow community Join the momentum before it leaves you behind. Early entries get rewarded — don’t be late to the trend!