Instrument: TAOUSDT
Time Frame: 4H
Exchange: BINANCE
Trading Type: Day~SwingTrading
TAOUSDT has currently broken through a major trendline. Additionally, the previous low rebounded from the 0.618 Fibonacci level, and it continues to show support at key levels during its upward movement. This suggests a high probability of completing a 0.618-1.618 AB=CD pattern.
The Potential Reversal Zone (PRZ) of the AB=CD pattern is at $854. The stop-loss for this setup is set dynamically if the key level fails to hold as support.