$TAO / USDT
**Signal: BULLISH BIAS, but don't chase here.** The trend is up, but price just got rejected at the top.
**What the chart shows (15m):**
- Clear uptrend with higher highs and higher lows from 260.76 up to 288.90.
- The last two candles are red, and the first one has a long upper wick. That is a rejection at the 24h high.
- Price is +12.6% on the day, so a pullback or consolidation is normal here.
**Levels to watch:**
- Resistance: 288.90 (24h high), then ~290+ for a breakout
- Support: ~280 (the 279.52 line, where the last big green candle started), then ~277, then ~269.7
**Scenarios:**
- 🟢 **Pullback long:** price dips to ~280–281 and holds with a green 15m candle. A stop under ~277 keeps the risk tight, and the target is a retest of 288.9.
- 🟢 **Breakout long:** a 15m close above ~289 with strong volume, targeting the ~295–300 area. Stops go below the breakout candle.
- 🔴 **Bearish:** a 15m close below ~277 breaks the higher-low structure, and 269.7 becomes the next stop.
- ⚪ **Right now:** buying at 283 is mid-pullback with no confirmation. Waiting for one of the setups above is safer.
**Caveats:** I can't see volume, RSI or MACD in this screenshot. After a +12% run, RSI is likely stretched, which supports waiting for a dip. Check the 1h trend as well, use a stop, and size small.
I'm not a financial advisor, and this is chart reading, not a guarantee. It's your call.
Send the 1h chart or the indicator panels and I'll refine it.
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