#TAO BREAKS OUT AFTER ESTABLISHING THIS LEVEL AS A NEW MAJOR SUPPORT!
TAO has made a surging wave after rebounding from the demand zone where extreme levels of concentration of buy orders are present. We've initiated a sell order at 346.24 key level where we have earned a 35.98% profit. It didn't stop there as we've recognized TAO's long-term aspect by acknowledging that it has almost the same qualities as FET. Therefore, adding likelihood to its surge. If you also look from the 215-262 price range. You can see a breakout that has occurred which is considered to be the high of last year. This has in turn been established as a new support as evident with the surge that happened from those price range. Hence, the reason why we took a long trade with a profit of 169.76% that has only a 12.89 risk-reward ratio.
$TAO
Stay wise, trade cautiously.
