$TAO 1h Update: - I expect the price to continue to rise overall, as the short-term structure remains bullish and buyers are stepping in on dips.
- The best setup would be to wait for a pullback to the 192–190.2 support/FVG area. If you see confirmation like a bullish pin bar, a reversal candle, or a change of character on the 5min/15min chart, you can look to enter long around 192–190.2.
- Take profits at 199.8 first, and if momentum persists, target 203.2 as your secondary take profit.
- Place your stop-loss just below the swing low at 182 or wherever the trend would clearly flip bearish for your timeframe.
- If price instead breaks below 190.2 and fails to reclaim it, this would invalidate the bullish setup and signal caution—look for the next reaction near 182.
- Only consider short trades if there’s a strong sweep above 204.4 (the most recent swing high) followed by an aggressive bearish reversal (like a large engulfing candle or clear lower high forms).
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