TAO Breakout Imminent? Watch These Crucial Levels Closely!
2025-01-17
Category: None

Yello, Paradisers! Is #TAO gearing up for a powerful breakout, or are the bulls about to hit a wall? Let’s break this down step by step because this could be the turning point for TAO!

💎#TAOUSDT has reversed strongly after grabbing liquidity at lower levels, and it’s now shaping into an inverse head-and-shoulders pattern—one of the most promising bullish structures. If the breakout confirms, TAO could target the unfilled inefficiencies above. But will the bulls carry this momentum all the way?

💎Currently, TAO is testing the neckline of this pattern, with resistance sitting at the $460–$470 zone. A clean breakout and successful retest of this level as support could ignite further bullish momentum, pushing TAO toward $540–$550. This zone is critical as it holds the 61.8% Fibonacci retracement and aligns with the descending resistance, making it a significant hurdle for the bulls to conquer.

💎Should TAO break through $550, the next target lies at $620–$640—a region where the pattern target completes. However, be cautious here. This level could trigger aggressive profit-taking, and we know how markets react when the herd gets too excited.

💎On the flip side, TAO’s immediate goal is to flip the $460–$470 range into support. If this happens, it could act as a major catalyst for continued bullish momentum. If the bulls fail to hold this level, strong support lies below at the $430–$415 zone—a key area with the strength to absorb short-term selling pressure.

Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant.

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