$TAOUSDT Pumping with Volume!! New All-Time High in Sight!BINANCE:TAOUSDT is showing strong bullish momentum, with a recent pump backed by good volume, suggesting potential for a big move ahead. After a healthy correction, GETTEX:TAO has resumed its upward trend, aiming for new all-time highs in the near future. With momentum picking up, this setup could present a solid opportunity, but it’s crucial to manage risk carefully. Always set a stop loss to protect gains and limit downside exposure in case of a reversal. Let’s see how far GETTEX:TAO can go!
Currently trading at $540
Buy level: Above $520
Stop loss: Below $435
TP1: $650
TP2: $800
TP3: $1000
TP4: $1250
Max Leverage 3x
Always keep Stop loss
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Taousdtidea
TAOUSDT at monthly resistance, resume upward after some retraceThe price has bounced from the weekly/monthly support after experiencing a downturn from the peak in march 2024. The support provided a good bounce and the price is now hitting monthly resistance level MR1 from where the price has pulled back and currently trading under that resistance. What I see in the coming week is that the price will retrace further down towards MS1 again and then reverse towards upside again.
If the price is not able to break that resistance MR1 now or the next push and falls below MS1 before doing that, it would be a very bad sign for the price. That would increase the likelihood of the price breaching the below WS/MS level and then targeting MS2 zone in the long term. But the price has a chance to break that MR1 to avoid that big downside. Lets monitor how it works out with that MR1 in the coming days/weeks.