TAO Analysis – Strength After the DropIn my last week’s TAO analysis, I mentioned that the coin remains bullish, with the $300 zone being an excellent buy area.
Friday’s market-wide crash also hit TAO, but what followed was far more important.
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1. Reaction After the Drop
• The decline stopped exactly at the previous support.
• Price quickly recovered the $300 level, turning it back into support.
• That support was retested and held again, confirming its strength.
• Finally, TAO broke above resistance and even made a high above Friday’s top.
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2. Outlook
All these are bullish confirmations of strength and resilience.
If the broader market continues to stabilize, TAO could extend its move toward $500, followed by $700 as the next potential target zone.
The outlook stays strongly bullish as long as $300 remains intact.
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Conclusion:
TAO continues to outperform and show real momentum.
Support respected, resistance broken, buyers in control. 🚀
Taotrading
TAOUSDT LONG 1H (1st Target Done! Congratulation)In this position, the first target from the update has been achieved. The stop order is moved to breakeven and new variables are expected to arrive from the market.
Initial review:
Update:https://www.tradingview.com/chart/TAOUSDT/tLc5vyIX-TAOUSDT-LONG-1H-Update/
Trade Setup: TAO Long PositionMarket Context:
TAO has shown a change of character (CHOC) and risen 82% in price during July.
We're looking for a higher low to establish a trend for continuation higher, turning previous resistance levels into support.
Trade Parameters:
Entry: Enter in the golden zone, mid-range. Specifically, retesting the $266 to $280 area of resistance as support.
Take Profit:
First target: $480
Second target: $560
Third target: $740
Stop Loss: Set at a daily close below $200.
Additional Notes:
Maintain some dry powder in your TAO allocation in case of a larger pullback to dollar-cost average (DCA) at range lows.
Monitor price action closely in the $266 to $280 area to confirm support before fully committing to the trade. Adjust your strategy if market conditions change significantly.
#TAO #TradingStrategy #CryptoTrading 🎯


