$TAO /USDT FACING RESISTANCE AFTER RECOVERY ā DECISION ZONE AHEAD!
$TAO has dropped -5.05% in the last 24 hours and is now trading near $391.10, just above a short-term support zone formed near $385.60. Despite a solid bounce from May lows, momentum is stalling below the $412.00 resistance. The chart now shows a critical decision point ā break or bounce.
TRADE SETUP (NEUTRAL BREAKOUT WATCH):
Entry (Aggressive Long): $387.00 ā $391.00
Target 1: $405.00
Target 2: $420.00
Stop Loss: $379.00
WHY LONG?
TAOās bullish structure remains intact above $385, where itās forming a higher low. If $391 holds with renewed volume, bulls may retest the $412ā$420 supply area. However, failure to hold $385 support could invite deeper correction. Volume has dropped, indicating a possible consolidation before the next move.
RISK MANAGEMENT TIP:
Keep your SL tight ā break below $379 would flip structure to bearish. Donāt average down blindly in volatility.
Donāt let this breakout fly without you ā enter smart, exit richer!
Ride the momentum before it fades ā profits favor the fearless!
#TAO #Layer1Narrative #CryptoPriceAction #BinanceTechnical #AltcoinSetups $TAO