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$TAO Maintain a positive growth structure – The trend still lies in the buyers' hands 🚀
After a slight correction, $TAO continues to maintain an upward structure with higher lows than previous lows. This indicates that buying pressure is still controlling the market and the main trend remains bullish.
Currently, the 270 – 278 zone is considered a potential entry area when the price retraces to short-term support. If buying momentum continues to stay stable, there is a high likelihood that the price will move toward the resistance levels above.
📈 Suggested trading strategy:
⟶ Entry zone: 270 – 278
• Take profit 1 (TP1): 285
• Take profit 2 (TP2): 300
⛔ Stop loss (SL): 262
As long as the price stays above 262, the upward structure remains intact. A clear breakout above the 285 zone could open the momentum to reach the 300 level in the short term.
Investors should manage their capital carefully and monitor price reactions at resistance levels to optimize profits.