$TAO LONG setup forming on the 1H chart
$TAO · LONG · Conf 65%
Trade Plan:
Entry: 263.12 - 266.00
SL: 232.24
TP1: 272.20
TP2: 280.26
TP3: 288.33
TP4: 296.39
R:R about 0.5 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
TAO/USDT 266.00, +13.48% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 59.1 with volume x0.55 against the 20-bar average.
- Invalidation is unambiguous: through 232.24 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 235.70 · 233.80 · 232.30 | R 272.20 · 277.00
Debate:
Is TAO strong, or is the whole board just bouncing together?
Trade TAO: spot https://www.binance.com/en/trade/TAO_USDT | futures https://www.binance.com/en/futures/TAOUSDT
$TAO #TAO #Write2Earn #Breakout #TrendTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
$TAO · LONG · Conf 65%
Trade Plan:
Entry: 263.12 - 266.00
SL: 232.24
TP1: 272.20
TP2: 280.26
TP3: 288.33
TP4: 296.39
R:R about 0.5 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
TAO/USDT 266.00, +13.48% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 59.1 with volume x0.55 against the 20-bar average.
- Invalidation is unambiguous: through 232.24 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 235.70 · 233.80 · 232.30 | R 272.20 · 277.00
Debate:
Is TAO strong, or is the whole board just bouncing together?
Trade TAO: spot https://www.binance.com/en/trade/TAO_USDT | futures https://www.binance.com/en/futures/TAOUSDT
$TAO #TAO #Write2Earn #Breakout #TrendTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
