#TAO/USDT (4H) – Technical View
Bias: Cautiously Bullish 📈
What the chart shows:
Price was moving inside a descending channel and is now attempting a breakout above the upper trendline.
Current price is holding above the key support zone ~294–300, which is a good sign for buyers.
Structure suggests a higher low, indicating weakening selling pressure.
Volume is stable — not explosive yet, but supportive for continuation.
Key Levels (as marked):
Entry zone: ~294–300
Support: 291 → 286
Resistance / Targets:
TP1: 302.5
TP2: 310.2
TP3: 320.2
TP4: 340–345
Stop Loss: Below 286
Scenario Outlook:
✅ As long as price holds above 294, upside continuation toward 310 → 320 is likely.
⚠️ A clean breakdown below 286 would invalidate the bullish setup and could lead to further downside.
Conclusion:
This setup favors long positions on confirmation, especially with a strong 4H close above the trendline and 302 resistance. Manage risk tightly until momentum expands.
