Long

TAO - Don't Underestimate it!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈TAO has been bullish, trading within the wedge pattern in blue.

Currently, TAO is in a correction phase approaching the lower bound of the wedge.

Moreover, the $500 is a strong round number!

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as non-horizontal support.

📚 As per my trading style:
As #TAO is around the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

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