$TAO bulls just cleared the old ceiling. The easy mistake now is buying the excitement instead of the retest.
The latest closed TAOUSDT H1 Futures candle finished at $329.29 (26 Sep, 14:59 UTC). Primary bias: BULLISH.
Three reasons: (1) H1 closed at $329.87 above the $320.94 swing high, confirming a bullish BOS; (2) the rebound from the $308.68 protected swing low produced higher highs; (3) breakout volume hit 75.8K TAO, 2.6× the previous 20-hour average.
Wyckoff: the dip to $278.01 below the prior $282.62 low and subsequent recovery could be a candidate Spring; the move over $320.94 looks like a developing SOS. A successful retest is still needed. SMC: the fresh $320.36–$329.87 imbalance puts the $320.94 breakout level in focus. Resistance sits at $333.37, then the $338.18 weak high.
🟢 CONDITIONAL LONG
Trigger: confirmed H1 close above $320.94.
Entry: $320.94–$323.00, only if a pullback retests and holds.
SL: $318.50, below the $319.19 breakout origin.
TP1: $333.37 (3.3R).
TP2: $338.18 (4.7R).
Thesis invalidation: H1 close below $318.50.
STATUS: BULLISH BIAS — NO ENTRY YET. At $329.29, price is above the entry zone; chasing here changes the risk. If the retest fails, there is no Long.
Will buyers defend the old $320.94 ceiling when TAO pulls back?
#Wyckoff #SMC
Paper analysis only. Not financial advice.
The latest closed TAOUSDT H1 Futures candle finished at $329.29 (26 Sep, 14:59 UTC). Primary bias: BULLISH.
Three reasons: (1) H1 closed at $329.87 above the $320.94 swing high, confirming a bullish BOS; (2) the rebound from the $308.68 protected swing low produced higher highs; (3) breakout volume hit 75.8K TAO, 2.6× the previous 20-hour average.
Wyckoff: the dip to $278.01 below the prior $282.62 low and subsequent recovery could be a candidate Spring; the move over $320.94 looks like a developing SOS. A successful retest is still needed. SMC: the fresh $320.36–$329.87 imbalance puts the $320.94 breakout level in focus. Resistance sits at $333.37, then the $338.18 weak high.
🟢 CONDITIONAL LONG
Trigger: confirmed H1 close above $320.94.
Entry: $320.94–$323.00, only if a pullback retests and holds.
SL: $318.50, below the $319.19 breakout origin.
TP1: $333.37 (3.3R).
TP2: $338.18 (4.7R).
Thesis invalidation: H1 close below $318.50.
STATUS: BULLISH BIAS — NO ENTRY YET. At $329.29, price is above the entry zone; chasing here changes the risk. If the retest fails, there is no Long.
Will buyers defend the old $320.94 ceiling when TAO pulls back?
#Wyckoff #SMC
Paper analysis only. Not financial advice.
