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$TAO / USDT – 1H Technical Breakdown & Trade Plan 🔥
TAO made a strong run to $386 but is now cooling off 👀. Price is sitting around $374, under key EMAs, and momentum looks shaky. Bears are pressing, but oversold signals hint a bounce could sneak in. Let’s break it down:
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📊 Market Snapshot
Current Price: $374.3
24H Range: $386.1 → $370.8
Bias: Short-term bearish (price under EMA cluster)
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📈 Technical Indicators
EMAs (7 / 25 / 99): All stacked above price → bearish pressure
MACD: Bearish cross, histogram red → downside momentum building
RSI: 34.9 (weak, but not oversold yet) → room to drop lower
Stoch RSI: Deep oversold → bounce possible if buyers step in
Volume: Heavy sell-off candle, weak buyer follow-up
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🟥 SHORT Setup (Trend Play)
Entry Zone: $376 – $378 (EMA rejection)
Confirmation: Bearish candle (shooting star / engulfing) + weak green volume
Targets:
TP1 → $370.0
TP2 → $367.5
TP3 → $363.8
Stop Loss: Above $379.5
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🟩 LONG Setup (Countertrend Bounce)
⚠️ Riskier (against momentum).
Entry Zone: $372 – $373 (support wick)
Confirmation: Bullish reversal candle + Stoch RSI cross up + RSI(6) reclaim > 40
Targets:
TP1 → $377.0 (EMA 7)
TP2 → $380.0 (resistance)
TP3 → $386.0 (24H high)
Stop Loss: Below $368.0
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⚔️ Trading Plan Recap
Short-term bias = Bearish
Safer trade = Short rejection at EMA cluster ($376–378)
Long setup only if strong bounce confirmation at $372 support
Risk smart: Position size properly + trail SL as targets hit
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🔥 TAO is at a make-or-break level: Bears want a breakdown to $363, Bulls eye a bounce back to $386. Watch $376–378 for rejection OR $372 for support flip.
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