$TAO Long Setup
Entry Zone: 190.0–196.6
Stop Loss: 184.0
TP1: 207.4
TP2: 218.2
TP3: 229.0
Market Structure Analysis
The chart is developing an interesting bullish reversal structure after an extended decline from the 226.5 high. Price established a major bottom around 177.5 and has since shown improving recovery behavior.
The repeated curved recovery formations suggest that buyers are gradually building momentum. More importantly, the rising yellow support trendline indicates that recent pullbacks are finding support at progressively higher levels.
Entry Zone: 190.0–196.6
Stop Loss: 184.0
TP1: 207.4
TP2: 218.2
TP3: 229.0
Market Structure Analysis
The chart is developing an interesting bullish reversal structure after an extended decline from the 226.5 high. Price established a major bottom around 177.5 and has since shown improving recovery behavior.
The repeated curved recovery formations suggest that buyers are gradually building momentum. More importantly, the rising yellow support trendline indicates that recent pullbacks are finding support at progressively higher levels.
