⭐ $TAO is forming a consolidation base, signaling potential for momentum expansion.
Trade Setup – LONG $TAO:
Entry: 195 – 198
Stop-Loss: 186
Targets:
TP1: 198.5
TP2: 205.9
TP3: 215.0
TAO has stabilized around the 195 level, creating a structured base following recent volatility. The price is holding above the 190.5 Fibonacci support, showing that buyers are defending this zone.
Technical indicators suggest potential upside:$TAO
MACD is moving toward a bullish crossover.
RSI is at 52, a neutral level that allows room for upward movement.
This consolidation indicates the market is preparing for a move rather than peaking. A breakout above 195 could trigger a run toward higher liquidity areas, with 215 as the extended target.
As long as 186 holds, the setup favors continued upside momentum.
Current stats:
$TAO : 197.7 (+2.75%)
#TAOUSDT #MarketRebound Perp: 197.36 (+2.86%)