🔥 TAO/USDT - Long Scenario on 4H: the market is ready for continued growth
On the 4-hour chart, an interesting opportunity for a long entry is forming. The price is confidently bouncing off the ascending trend line, indicating the preservation of a bullish structure. The current movement looks like a healthy correction within the main upward trend, rather than a breakdown.
Key indicators confirm the growth potential: the market has locally cooled down and is ready for recovery, which often leads to an impulsive continuation of the upward movement.
📊 Brief on indicators:
RSI: in the oversold zone — a signal for a possible bounce
MACD: bullish crossover — the beginning of an impulse reversal
Trend: the price maintains an upward structure
🧠 Trading plan
Main scenario: LONG
🎯 Targets:
TP1: 292
TP2: 299 — medium-term target
TP3: 306 — resistance
📍 Entry points:
Conservatively: consolidation above 290 with confirmation of volume and indicators
Aggressively: bounce off the trend line in the zone ~ 286
🛑 Stop-loss:
280 — below key support and trend
Spot trading 👉$TAO
Futures 👇
