Yello, Paradisers! Have you been tracking #TAOUSDT's impressive rise? Here's why you should be cautious as this uptrend might face a critical test soon!
đ#TAOUSDT has been a strong performer, consistently making higher highs and higher lows. Recently, it broke structure by forming a new higher high, which has further solidified its bullish momentum. However, thereâs a probability of a pullback to the key demand zone between 470.4 and 457.3.
đThis demand zone aligns perfectly with the 0.618-0.66 Fibonacci retracement levels, a typical area where price often finds support in strong uptrends. If TAOUSDT dips into this zone and holds steady, we could see a rally back toward the next major resistance level at 624.2.
đIf a 4-hour candle closes below 434, this thesis will be invalidated, signaling potential further downside.
Patience and discipline are key here, Paradisers . Wait for the best opportunities, and keep your eyes on those critical support levels. Stay focused and trade smart!
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO
MyCryptoParadise
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