$TAO Price Analysis: Potental Bounce from Broadening Wedge!

$TAO has formed a broadening wedge on the 12-hour timeframe, and it’s currently holding above the key support at $444.

If the price bounces, we could see a strong upward move. Here’s what to watch next!

Key Levels

Buy Zone: Between $444 and $460 – ideal entry range.

Targets:

First Target (T1): $505

Second Target (T2): $550

Third Target (T3): $620

Fourth Target (T4): $670

Stop Loss (SL): Set at $430 to limit downside risk.

Strategy

1. Entry: Enter around $444–$460 if the price shows signs of bouncing.

2. Risk Management: Place a stop loss at $430.

3. Profit-Taking: Sell portions at each target to lock in gains.

What to Watch

Bullish Bounce: Watch for strong upward movement from $444.

Bearish Rejection: If price falls below $430, consider adjusting your strategy.