TAO DAILY

3 Feb

For me there are two possible entries for TAO caused by the trade war situation in the US, so this is my take on the chart:

- Wicks get filled as a rule of thumb, so this capitulation wick that has reset all the progress made in Q4 2024. My preferred entry would be a sweep and reclaim of the wick as this coincides with range low and a bullish orderblock, an area of extreme support on the high timeframe.

- Another entry would be the breakout of the diagonal downtrend resistance, if this could coincide with the reclaim of the 0.25 line in the range that would add further confluence and a better R:R IMO.

For both entries the Midpoint would be a key S/R level and would be very high resistance.

5 hari yang lalu

Catatan

Could we see a diagonal resistance breakout this week?

4 hari yang lalu

Catatan

TAO breaking out of the bearish downtrend and retesting the 1D 200 EMA as resistance .

Great strength shown by TAO despite the broader market struggling, Acceptance above $440 (midpoint) would be very bullish.