After the impressive rally from our July entry at $280 to $680, TAO is shaping up for another opportunity for us to enter. With price reclaiming key resistance lines as support and seeking to establish a higher low, the setup signals potential for further upside. We’re watching for price acceptance above $450 and a reclaim of the daily 21 EMA to confirm continuation. A break above $600 could trigger price discovery once again. Entry Zone: $450 to $490 Stop Loss: Daily close below $400 Take Profit Targets: TP1: $590 TP2: $760 TP3: $960
JUP is setting up for a potential move as it respects key levels and reclaims previous resistance as support. With price consolidating in a favorable area, we can look for support to hold, offering a solid entry for a push toward the next resistance zones. Entry Zone: $1.16 to $1.08 Stop Loss: Daily close below $1.04 Take Profit Targets: TP1: $1.40 TP2: $1.80 TP3: $2.00
Often times price moves in swings whereby the swings are relatively equal in price. I am sure Elliott traders get quite precise (as they tend to do ) but I just use swing targets as a guide