Mes amis, after the morning review of the global storm, we move on to specific maneuvers. Today our object of study is TAOUSDT. While the world is in turmoil, this asset demonstrates exemplary technical behavior on the 1-hour chart.
Here we have a clearly structured consolidation channel. It is the perfect training ground for practicing breakout and rebound skills.
$TAO
🧭 Navigation coordinates (1H):
To accurately enter and exit, we fix our beacons:
Local Maximum: 308
Resistance Line 1: 281
Support Line 1: 261
Local Minimum: 242
⚓️ Tactical recommendations:
Working in the channel (Range Trading): The main plan — trading between levels 261 and 281.
Reversal strategy: When the price approaches levels on 'fast bars' without consolidation — we work on the rebound from the boundary.
Breakout strategy: When the price 'sticks' to the level (consolidation below the level) and volume accumulates — we prepare for an impulsive exit in the direction.
Spare airfields: In case of breaking out of the channel, our next targets become Local Maximum (308) or Local Minimum (242). It is there that the fate of the further trend will be decided.
For detailed information on how to trade these situations, read our educational post on breakout and reversal strategies from last week.
📜 What's next in the logbook?
This week I plan to tell you about how to 'read' the nature of the candles. What lies behind each wick and body? This is the foundation that will change your view of the chart.
I await your thoughts in the comments: what other tools do you want to see in the next analyses?
Like if you enjoyed the practical session, and subscribe to the channel. We are on the bridge and carefully watching the horizon.
Bon Voyage, mes amis! ⚓️🌊🔥
#TAO #LeProfessionnel #Write2Earn #BinanceSquare #TechnicalAnalysis