#tao 🌼Quick Update 🌼🎯🎯The expected goals and smart recommendations are at the bottom of the description 🎯🎯 TAO may experience a decline in the upcoming period. - Selling could be the ideal opportunity to realize a 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 break of the 99-day average at 359.9 was strong, but the current momentum seems fatigued. 2. General context: - The relative strength index RSI is at 45.8, which is in the neutral zone, meaning there are currently no strong buying or selling pressures. - The trading volumes at 19.3K are not strong enough to support a continuation of the upward trend, which could indicate an impending decline. 3. Appropriate timing: - There is a strong support area between 367.5 and 359.7, but if the price breaks this level, it could drop to 351.8. - Traders may start selling ahead of any negative news, increasing the likelihood of a decline. 4. Recommendation (Sell Operation 🔴) : - Sell now, focusing on price movement and liquidity rather than technical indicators. - The first target is at 367.5, then at 359.7 if the decline continues. - Set the stop loss above 380.2 to avoid losses in case of a direction change. #TAO #TAO/USDT
