Market Context:
TAO has shown a change of character (CHOC) and risen 82% in price during July.
We're looking for a higher low to establish a trend for continuation higher, turning previous resistance levels into support.
Trade Parameters:
Entry: Enter in the golden zone, mid-range. Specifically, retesting the $266 to $280 area of resistance as support.
Take Profit:
First target: $480
Second target: $560
Third target: $740
Stop Loss: Set at a daily close below $200.
Additional Notes:
Maintain some dry powder in your TAO allocation in case of a larger pullback to dollar-cost average (DCA) at range lows.
Monitor price action closely in the $266 to $280 area to confirm support before fully committing to the trade. Adjust your strategy if market conditions change significantly.
#TAO #TradingStrategy #CryptoTrading 🎯
TAO has shown a change of character (CHOC) and risen 82% in price during July.
We're looking for a higher low to establish a trend for continuation higher, turning previous resistance levels into support.
Trade Parameters:
Entry: Enter in the golden zone, mid-range. Specifically, retesting the $266 to $280 area of resistance as support.
Take Profit:
First target: $480
Second target: $560
Third target: $740
Stop Loss: Set at a daily close below $200.
Additional Notes:
Maintain some dry powder in your TAO allocation in case of a larger pullback to dollar-cost average (DCA) at range lows.
Monitor price action closely in the $266 to $280 area to confirm support before fully committing to the trade. Adjust your strategy if market conditions change significantly.
#TAO #TradingStrategy #CryptoTrading 🎯
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.