🚨 $TAO
TAO
251.6
-2.66%
Daily Analysis – Harmonic Setup in Play
After a strong bearish move, #TAO/USDT is showing signs of exhaustion and has completed a potential harmonic pattern on the daily timeframe.
📊 Setup Idea: Long Position
• Entry Zone: 262 – 258
• Stop Loss: Daily candle close below 240.7 (body close, not just a wick)
🎯 Targets:
• TP1: 287.9
• TP2: 300.0
• TP3: 312.1
• TP4: 351.1
💡 Why this setup?
- Completion of harmonic structure (D point reaction)
- Key Fibonacci confluence zone
- Potential reversal after extended downside momentum
⚠️ Risk Management Reminder:
Always wait for confirmation and manage your position size. No setup is guaranteed.
📌 What do you think — bounce incoming or more downside?