Everyone’s watching $TAO /USDT hover around range highs—feels like a breakout or a classic trap setting up.
$TAO - LONG (Reworked View)
Trade Plan: Entry: 262.50 – 263.20
SL: 259.40
TP1: 265.40
TP2: 267.10
TP3: 269.60
Why this setup? • 4H structure is still compressed inside a tight range → expansion usually follows consolidation
• Price is repeatedly rejecting downside → buyers quietly absorbing supply
• Short-term RSI is overheated, but that often happens right before continuation in strong trend environments
• Volatility contraction (ATR tightening) suggests an imminent move—direction still needs confirmation at breakout trigger
Key Question: Is this liquidity sweep before continuation higher… or a clean fakeout to flush late longs before reversing?
Bias: Bullish only if price holds above entry zone and reclaims momentum above 265+
Failure to hold 259.4 invalidates the setup quickly.
