TAOUSDT | Potential Reversal from Key Support Zone by lesyeux
2024-12-19
Category: None

TAOUSDT is approaching a key support level near $435, forming a bullish descending wedge pattern. Based on technical analysis:

Support Zone: $435–$405.
Resistance Targets: $730 (upper wedge boundary).
A breakout from the wedge pattern could indicate a strong bullish reversal. The setup provides an attractive risk-to-reward ratio, with the stop loss placed below $405.

Key Observations:
1️⃣ Price respecting long-term wedge support.
2️⃣ High likelihood of reversal based on pattern completion.

Let me know your thoughts on this setup. Trade safely! 🚀

-lesyeux