#TAO Trend: The market was in a clear downtrend from ~385 → 301, but recently formed a local bottom at $301.50 and is now bouncing.
EMA Signals:
Price has just moved above EMA 7 (320.38) and EMA 25 (319.68), showing short-term bullish momentum.
EMA 99 (332.09) is still above, acting as resistance.
Support & Resistance:
Support: $315 – $310 zone. Strong base near $301.50.
Resistance: $332 (EMA 99), then $334. If broken, next zone is $353+.
Volume: Slight increase in buy volume at the bounce, confirming strength.
Momentum: Today’s +4.4% move shows recovery, but bulls need a close above $332–334 to confirm continuation.
🔹 Short Price Action Outlook:
As long as price stays above $315, short-term bias is bullish.
Break and hold above $332–334 → possible rally toward $350–353.
Rejection at $332 → likely pullback to $315–310 before next attempt.