$TAO is already in a good pumping momentum and has gained over 23% in 24 hours. The price is now holding near the local top, forming a large green candle, indicating a high volume bullish trend.
TAOUSDT
Perp
266.26
-1.75%
📌Trading setup : Entry: 264.6
🎯TP1 : 278.0
🎯TP2 : 290.0
👉Stop Loss : 249.0
Reason for Trade:
* Strong parabolic move and higher high structure are visible on the 1-hour timeframe.
* 24-hour trading volume was very high with breakout candles, which proves the activity of buyers.
* Price has rallied one-way from the base support of $210, taking liquidity.
* Market sentiment is currently quite positive for the token due to the AI narrative.
The market is volatile, so you have to manage your own risk.