TAOUSDT Long Setup from Fibonacci 0.382 and Trendline Confluence

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)