Everyone's staring at the $200 level for $TAO, but the real action is testing support at $197.92 after a 1.95% drop.
$TAO - LONG
Entry: 197.92 – 193.78
SL: 192.50
TP1: 202.15
TP2: 204.84
TP3: 208.00
Why this setup? I think the 15m RSI is coiled at 42.11, the ATR is relatively low at 4.21, my bias confidence is 70% based on the 1H timeframe divergence, and the 4H chart is armed for a potential squeeze.
Debate: Are you fading this bounce or riding the reclaim of $200?
$TAO
$TAO - LONG
Entry: 197.92 – 193.78
SL: 192.50
TP1: 202.15
TP2: 204.84
TP3: 208.00
Why this setup? I think the 15m RSI is coiled at 42.11, the ATR is relatively low at 4.21, my bias confidence is 70% based on the 1H timeframe divergence, and the 4H chart is armed for a potential squeeze.
Debate: Are you fading this bounce or riding the reclaim of $200?
$TAO