$TAO - 4H UPDATE 🔍

TRADING AROUND $180, AFTER BREAKING OUT OF THE DESCENDING STRUCTURE, PRICE IS NOW PULLING BACK TOWARD THE KEY FIBONACCI POI. THIS IS WHERE THE CHART BECOMES INTERESTING FOR A POTENTIAL CONTINUATION SETUP.

FOCUS LEVELS:

· $180 POI — CURRENT DEMAND ZONE PRICE IS REACTING FROM

· 0.5–0.618 FIB ZONE — MAIN AREA TO HOLD FOR CONTINUATION

· $221.1 — FIRST UPSIDE TARGET

· $249.6 — MAJOR HIGH ABOVE IF MOMENTUM EXTENDS

THE IDEA:

WAIT FOR TAO TO STABILIZE INSIDE THE FIB POI, SHOW STRENGTH, THEN LOOK FOR LONGS TARGETING $221.1 AND POTENTIALLY $249.6. NO CHASING THE MOVE — ONLY GET INVOLVED ONCE PRICE CONFIRMS SUPPORT AT THE ZONE.

#TAO #bullish

TAO
TAOUSDT
173.37
-5.37%