Looking for a potential bounce play on TAO. Price action shows a clear deviation below support followed by a strong recovery. Currently eyeing a retest of the demand zone around 195, where I’ve placed a limit long entry.
Entry: 195
TP: 270
SL: 160
Expecting a bit of chop in the mid-zone before continuation toward the 271 resistance zone. If the bounce plays out, this gives a solid 2.7R setup. Will monitor volume and structure confirmation around the entry zone.
Entry: 195
TP: 270
SL: 160
Expecting a bit of chop in the mid-zone before continuation toward the 271 resistance zone. If the bounce plays out, this gives a solid 2.7R setup. Will monitor volume and structure confirmation around the entry zone.
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