🚀 $TAO /USD: BREAKING OUT ABOVE KEY LEVELS – WATCH FOR CONTINUED UPSIDE ⚡
The $TAO /USD pair is currently trading at $502, sitting near critical support and resistance levels. Traders should monitor these zones for a potential breakout, as the market shows signs of bullish momentum.
📊 Trade Scenarios:
Entry Point: $502
Take Profit (TP 1): $520
Take Profit (TP 2): $540
Take Profit (TP 3): $560
Stop Loss (SL): $490
Support is found at $490, and resistance is at $520. A breakout above $520 could trigger a rally towards $540 and $560. On the other hand, a drop below $490 could signal further bearish price action.
📉 Market Outlook:
$TAO is currently testing key support at $490. If the price stays above this level, there's potential for an upward move towards $520 and beyond. A strong breakout above $520 will reinforce bullish sentiment, while a break below $490 could indicate a downward trend.
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