TAO Potential 4H Flag & PoleBITGET:TAOUSDT has printed a clean impulsive move followed by a descending consolidation channel — resembling a bull flag or falling channel continuation.
The retracement went deeper than usual (down to ~$388, ~75% of the pole), which softens the textbook bull flag narrative — but doesn't invalidate the setup.
Key Elements
• Pole: ~$354 → ~$489
• Flag Low: ~$388
• Retracement: ~75% of the pole — a deep pullback, but still valid.
• Target: ~$550 — measured from breakout point, equal to the pole’s height projected upward.
Keep in mind that $460-$490 is a key S/R and the midline of a longer-term rectangle, so it could offer resistance. See here .
Volume Note
No clear volume contraction during consolidation, which weakens the classic flag interpretation. That said, volume could still confirm strength if it expands on a breakout.
Target Logic
Measured move from pole height points to ~$550 — only in play if a full breakout with strong volume follows.
