TAOUSDT has retraced into a strong confluence zone combining the 0.382 Fibonacci retracement level ($316.99) and a long-term ascending trendline. This area is often considered a high-probability bounce zone in bullish market structures.
A long position was entered at $316.52, anticipating a continuation of the uptrend toward the previous swing high near $364.83.
The setup offers a high reward-to-risk ratio, with a tight invalidation level below recent structural support and Fibonacci level.
🧩 Trade Parameters:
- Entry: $316.52
- Stop Loss: $303.84
- Take Profit: $364.83
- Risk: $12.68
- Reward: $48.31
- Risk:Reward Ratio: 1 : 3.81
✅ Bias:
Bullish continuation after a healthy correction
🔄 Confirmation:
Strong price reaction or bullish candle from the 0.382 Fib and trendline support
❌ Invalidation:
Clean break below $303.84 (structural and Fib support)
A long position was entered at $316.52, anticipating a continuation of the uptrend toward the previous swing high near $364.83.
The setup offers a high reward-to-risk ratio, with a tight invalidation level below recent structural support and Fibonacci level.
🧩 Trade Parameters:
- Entry: $316.52
- Stop Loss: $303.84
- Take Profit: $364.83
- Risk: $12.68
- Reward: $48.31
- Risk:Reward Ratio: 1 : 3.81
✅ Bias:
Bullish continuation after a healthy correction
🔄 Confirmation:
Strong price reaction or bullish candle from the 0.382 Fib and trendline support
❌ Invalidation:
Clean break below $303.84 (structural and Fib support)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.