$TAO /USDT – PREPARING FOR A BREAKOUT! 🚀
Current Price: $470.6
Key Levels:
• Resistance: $476.0 (Immediate), $480.0 (Major)
• Support: $464.0 (Immediate), $453.5 (24h Low)
Trade Setup: Long Entry Strategy 🟢
• Entry Zone: $470.5 - $471.5
• Take Profit (TP):
• TP1: $476.0
• TP2: $480.0
• TP3: $485.0
• Stop Loss (SL): $465.0
Analysis
TAO is recovering strongly from recent lows and forming a higher-low structure. A breakout above $476.0 could signal further bullish momentum. However, watch closely for rejection around $480.0 as it represents strong resistance.
Risk Management
Position sizing is critical. Risk only 2% of your portfolio for this setup. Stick to your stop loss and avoid emotional trading.