I believe $TAO
is quietly preparing for one of the cleanest moves over the coming week 🫡
The daily chart shows the picture. The $280 level was tested twice, and on each occasion buyers entered strongly. Instead of breaking the level, TAO managed to reclaim the $300 level and is still holding trading above it.
The weekly structure is still bullish, and with the start of a new week on Monday, I expect liquidity and momentum to return, which may push this range to higher levels.
Trade plan:
LONG on $TAO near the current price
TP: $340
SL: $280
As long as the $280 level is
is quietly preparing for one of the cleanest moves over the coming week 🫡
The daily chart shows the picture. The $280 level was tested twice, and on each occasion buyers entered strongly. Instead of breaking the level, TAO managed to reclaim the $300 level and is still holding trading above it.
The weekly structure is still bullish, and with the start of a new week on Monday, I expect liquidity and momentum to return, which may push this range to higher levels.
Trade plan:
LONG on $TAO near the current price
TP: $340
SL: $280
As long as the $280 level is
