🚀$TAO /USDT – Relief Bounce or More Pain Ahead? ⚠️

TAO has been in a clear downtrend, sliding from a high of $443 to a low of $353.2. While the price is attempting a recovery, it's still struggling below key moving averages — suggesting caution as the broader trend remains bearish.

🔍 Technical Analysis

• MA Outlook: Price is under both MA(25) = $383.9 and MA(99) = $393.1, signaling bearish control.

• Support Level: $353 – $356 area holding for now, but vulnerable if volume fades.

• Resistance Zone: $368.5 – $384 remains the immediate hurdle, aligned with moving averages.

• Current Structure: Weak bullish candles show indecision — a breakout above MA(25) is needed for upside confirmation.

🎯 Trading Plan

🔴 Short-Term Bearish Setup

• Entry: $368 – $375

• TP1: $358

• TP2: $353

• SL: $382

🟢 Aggressive Long Setup

• Entry: $360 – $366

• TP1: $375

• TP2: $384

• SL: $353

📌 Note: Watch for a close above $384 to signal potential trend reversal. Until then, trend favors sellers. Use tight SLs and avoid oversized positions.

#TAO #CardanoDebate #IsraelIranConflict #BinanceHODLerHOME #TrumpTariffs $TAO