TAO is breaking out of its market structure, with a clear surge in momentum that demands attention. This move is unfolding rapidly, and the entry window is narrowing by the minute.
š¢ $TAO LONG š ā Trade Plan
ā¢ Entry: $200.2595 ā $200.6605
ā¢ Stop: $194.4462 (-3.0%)
ā¢ Target 1: $203.4669 (+1.5%)
ā¢ Target 2: $210.4830 (+5.0%)
ā¢ R/R 1:1.7 | Confidence 64%
The setup on TAO is compelling, with the CHoCH signal confirming a break in market structure, while CVD and FVG indicate that volume is behind this push and we're filling a gap in fair value. Additionally, the presence of an order block and a liquidity sweep at a point of interest confluence suggests a high likelihood of continuation. The overlapping OB and FVG is the icing on the cake, reinforcing the validity of this trade.
With a 3.0% stop loss, this trade has a relatively tight leash, suggesting leverage should be kept moderate to ensure the risk/reward ratio of 1:1.7 is effectively capitalized upon.
Considering the strength of this move, it's reasonable to look at taking partial profits at the first target, allowing us to ride the remaining position with a buffer of profit already in the bank.
Not financial advice ā trade only what you can afford to lose š
$TAO #TAOUSDT #crypto #TradingSignals #Write2Earn
š¢ $TAO LONG š ā Trade Plan
ā¢ Entry: $200.2595 ā $200.6605
ā¢ Stop: $194.4462 (-3.0%)
ā¢ Target 1: $203.4669 (+1.5%)
ā¢ Target 2: $210.4830 (+5.0%)
ā¢ R/R 1:1.7 | Confidence 64%
The setup on TAO is compelling, with the CHoCH signal confirming a break in market structure, while CVD and FVG indicate that volume is behind this push and we're filling a gap in fair value. Additionally, the presence of an order block and a liquidity sweep at a point of interest confluence suggests a high likelihood of continuation. The overlapping OB and FVG is the icing on the cake, reinforcing the validity of this trade.
With a 3.0% stop loss, this trade has a relatively tight leash, suggesting leverage should be kept moderate to ensure the risk/reward ratio of 1:1.7 is effectively capitalized upon.
Considering the strength of this move, it's reasonable to look at taking partial profits at the first target, allowing us to ride the remaining position with a buffer of profit already in the bank.
Not financial advice ā trade only what you can afford to lose š
$TAO #TAOUSDT #crypto #TradingSignals #Write2Earn