I’m watching $TAO after a strong impulse move from 228 → 272. Instead of dumping after the rally, price is holding steady and forming a bullish consolidation. That kind of structure usually signals strength because buyers are defending the gains rather than letting the price drop.
Right now the market is compressing in a tight range. When price consolidates like this after a strong push, it often prepares for the next expansion move. If the support zone continues to hold, the probability favors another leg upward.
TAO still looks like a strong rotation leader, and the structure suggests buyers are positioning for continuation.
Trade Setup
Entry Zone:
262 – 268
Stop Loss:
249
Target Points:
TP1: 285
TP2: 305
I’m looking to enter in the consolidation range because it gives a cleaner risk-to-reward setup. The stop is placed below 249 since a move under that level would break the bullish structure.
Why this setup works
I’m focusing on this setup because strong assets often consolidate after a large impulse rather than reversing immediately. This shows demand is still present. Buyers are absorbing selling pressure while keeping price above the previous breakout area.