Technical analysis by AliferCrypto about Symbol TAO: Buy recommendation (5/21/2025)

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 NoteNo 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 LogicMeasured move from pole height points to ~$550 — only in play if a full breakout with strong volume follows.No 4H close and no confirmation yet. On standby.And now we got that TAO 4H close with good volume.Trade active, invalidation with a sustained break back below the resistance trendline. Retesting and holding could offer another long entry.Remember to watch $460-$490 for potential resistance.