🚀
$TAO is showing a potential technical setup!
TAOUSDT is forming a macro range consolidation on the 1M timeframe, holding strong above the primary demand zone near $177-$230 with projected paths toward higher objectives.
📈 The Technical Setup:
• The Pattern: Harmonic Pattern / Range Accumulation
• Short-term Target: $612.43
• Macro Objective: $1,150.00
• Market Structure: Range consolidation with a potential bullish reversal structure
🎯 Key Levels to Watch:
• Support / Accumulation Zone: $177.03 - $230.00
• Resistance: $394.73 - $529.30
• Breakout Level: $394.73
• Stop Loss / Invalidation: $177.03
📊 Confirmation:
• Volume: Neutral/standard volume for macro timeframe
• Momentum: Price holding above key support around $200-$230 zone with early signs of reversal candles
• Trend: Macro consolidation following a previous correction, building a base for a potential impulsive move
⚠️ Invalidation:
A monthly close and breakdown below the $177.03 support level would invalidate the bullish harmonic setup.
Monitor price action closely around current ranges as it attempts to build a structural base for higher targets.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
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