Congratulations to everyone who followed the $TAO trade. The price surged by 23.4%, reaching its first target effortlessly. My personal investment of $1000, get 615 profit on long trade and soared along with this massive breakout.
Let me know in the comments how much profit you made.
Remember, for those in this trade, now’s the time to secure your gains and exit. The move was phenomenal.
Technical Analysis on $TAO : Keep your eyes open .. Bulls are heavy ..
The $TAO /USDT pair witnessed an explosive rally from $435 to a high of $547 within hours, breaking a significant resistance level near $511. This sharp rise was backed by increasing volume, signaling strong bullish momentum.
Trade Setup:
Entry Point: Around $435
Key Resistance Zones: $547, $560
Targets:
1. Target 1: $500 (Hit)
2. Target 2: $600 (Soon will hit our $600 Target )
Stop-loss: $495 to minimize downside risk in case of a pullback.
The price action indicates potential for further gains if it sustains above $544. However, a retracement below $511 might trigger short-term corrections, providing another re-entry opportunity. Keep your eyes on the volume and momentum.
