$TAO
The price has returned to test the area of 298 USDT, which was a strong resistance level, and it has been successfully broken and now turned into effective support. This behavior reinforces the scenario for continued upward movement.
๐น The "Bos" (Break of Structure) point confirms the market structure change in favor of buyers
๐น The recent candles show consolidation above the new support
๐น The area of 276.4 remains a reference as secondary support in case of any correction.
๐ The price has settled at 297, referred to as the "Bullish Breaker Block" โ an area that was broken after a sell rejection, and has turned into dynamic support.
๐ The positive scenario remains as long as the price maintains 298 as support, with the potential to target levels:
- 308
- 324.7
๐ Share your opinion: Do you expect the upward momentum to continue?
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#Technical Analysis #BinanceFeed #Break of Structure #Breaker Block #SMC