$TAO 🌼Quick Update 🌼🎯🎯Expected Goals and Smart Recommendations at the bottom of the description 🎯🎯 TAO may experience a decline in the coming period.
- Selling may be the ideal opportunity for profit before the market moves significantly.
- The price is at 376.1 with a slight increase of 0.27%, but it is still below the 7-day moving average at 378.2, indicating temporary weakness.
- The previous breakout of the 99-day average at 359.9 was strong, but the current momentum seems tired.
2. General Context:
- The Relative Strength Index (RSI) is at 45.8, which is in a neutral zone, meaning there is no strong buying or selling pressure at the moment.
- Trading volumes at 19.3K are not strong enough to support continued upward movement, which may indicate a near-term decline.
3. Timing:
- There is strong support between 367.5 and 359.7, but if the price breaks this level, it may drop to 351.8.
- Speculators may start selling before any potential negative news, increasing the chance of a decline.
4. Recommendation (Sell Trade 🔴):
- Sell now, focusing on price action and liquidity instead of technical indicators.
- The first target is at 367.5, then 359.7 if the decline continues.
- Set a stop loss above 380.2 to avoid losses in case the trend changes.
