TAOUSDT is approaching a key support level near $435, forming a bullish descending wedge pattern. Based on technical analysis:
Support Zone: $435–$405.
Resistance Targets: $730 (upper wedge boundary).
A breakout from the wedge pattern could indicate a strong bullish reversal. The setup provides an attractive risk-to-reward ratio, with the stop loss placed below $405.
Key Observations:
1️⃣ Price respecting long-term wedge support.
2️⃣ High likelihood of reversal based on pattern completion.
Let me know your thoughts on this setup. Trade safely! 🚀
-lesyeux
Support Zone: $435–$405.
Resistance Targets: $730 (upper wedge boundary).
A breakout from the wedge pattern could indicate a strong bullish reversal. The setup provides an attractive risk-to-reward ratio, with the stop loss placed below $405.
Key Observations:
1️⃣ Price respecting long-term wedge support.
2️⃣ High likelihood of reversal based on pattern completion.
Let me know your thoughts on this setup. Trade safely! 🚀
-lesyeux
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.