๐จ$TAO ๐ just gave me the third reason to stop sitting on the sidelines and finally enter a trade.
Over the past few sessions, every time the price has dropped into the ๐ข$298โ$300 zone๐ฅ, buyers have stepped in and pushed it back up๐. Once could be a coincidence. Twice starts to get interesting. Three clear bounces from the same price level? Now I have to pay attention.
Thatโs why Iโm opening a LARGE LONG position here on $TAO .
๐ฏTP: $318โ$320๐ฅ
๐SL: $296
This setup is pretty simple: sellers have tried to break through this support zone several times and failed, while plenty of liquidity remains above, around the $318โ$320 zone.๐ช๐ช
Over the past few sessions, every time the price has dropped into the ๐ข$298โ$300 zone๐ฅ, buyers have stepped in and pushed it back up๐. Once could be a coincidence. Twice starts to get interesting. Three clear bounces from the same price level? Now I have to pay attention.
Thatโs why Iโm opening a LARGE LONG position here on $TAO .
๐ฏTP: $318โ$320๐ฅ
๐SL: $296
This setup is pretty simple: sellers have tried to break through this support zone several times and failed, while plenty of liquidity remains above, around the $318โ$320 zone.๐ช๐ช
