$TAO /USDT has been consolidating in a narrow range for the past few hours. The price is currently trading at $492.2, near the middle of this range.

Entry: Consider a long position at $492.2, the current market price.

Resistance: The immediate resistance level is at $508.0.

Support: The nearest support level is at $442.3.

Take-Profit Targets:

* Target 1: $508.0 (breakout of the consolidation range)

* Target 2: $523.8 (1.5x the stop-loss distance)

* Target 3: $539.6 (2x the stop-loss distance)

Stop-Loss: Place a stop-loss order at $476.0 to limit potential losses.

Caution: Traders should be cautious as the market is currently in a consolidation phase. Watch for a clear breakout or breakdown signal before taking any significant positions. #TAOUSDT #CryptoTrading #Binance #15mChart #TradingSignal