Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈TAO has been bullish, trading within the wedge pattern in blue.
Currently, TAO is in a correction phase approaching the lower bound of the wedge.
Moreover, the $500 is a strong round number!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #TAO is around the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#TAO🔥🔥🔥🔥 #TAOUSDT #Write2Earn! #BinanceSquareFamily #MicroStrategyJoinsNasdaq100