$TAO
The move from $242 to $374 was clean, but price has now broken below the EMA7 and the structure is starting to crack. -7.74% in 24h, sellers took control from the top.
I’m watching a pullback into the 320–325$ zone, where the EMA25 converges with the first meaningful retracement of the bullish leg. That’s the level I’m interested in for a long entry. A wick down to $315 without a 4H close below would be even better.
Clean SL below $310 on a 4H close.
TP1 : $348–350
TP2 : $370–375
TP3 : $400–410 if structure resumes with volume
As long as the EMA7 isn’t reclaimed on a 4H close, I stay patient. The market tends to flush liquidity zones before pushing higher, and $315–320 is exactly the type of area that hunts stops before bouncing.
EMA99 is still sitting at $274, so if $310 breaks on a close, that scenario comes back into play.