$TAO Signal: Follow the trend to go long, 1H buying pressure continues to push higher

RSI on 4H skyrocketed to 78.64, buying pressure is still ongoing. The 1H Bollinger Bands are opening upward, price is moving along the middle to upper band, funding rate is only 0.0046%, with no short squeeze pressure. MACD on 4H shows expanding bullish momentum, 1H histogram is contracting but no death cross, short-term pullback is limited. Depth imbalance is 10.4%, Bid/Ask Ratio is 1.23, with dense orders below providing support. The current price of 258.71 is right in the suggested entry zone, directly targeting long positions.

🎯Direction: Long

⚡Entry/Order: 258.71 (current price, can also place a buy limit order in the 257.93-258.71 range)

🛑Stop Loss: 256.1229

🚀Target 1: 262.5906

🚀Target 2: 264.5310

🛡️Trade Management: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

4H Klines show five consecutive bullish candles, volume continues to expand, bullish control is clear. After a short-term pullback to 256.86, the price quickly rebounds, with strong support below. In such a strong market, waiting for a deep correction may result in missing out. Considering a risk-reward ratio of 1.5, execute decisively.
Check real-time market 👇 $TAO
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