TAO/USDT Analysis
Current Price: $379.6
Recent High: $389.5
Indicators:
RSI (6): 74.0 — overbought zone, but not extreme.
MACD: Still bullish, with histogram showing renewed momentum.
MA(7): $363.8 (supporting the uptrend)
MA(25): $299 — far below current price (strong trend continuation)
MA(99): $315.4 — already broken, showing trend strength
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Conclusion:
Still Bullish, but cautious near resistance.
Price is consolidating just under recent high ($389.5).
If price breaks and closes above $389.5 with volume, it's a breakout — consider long.
If price gets rejected again at $389–$390, short-term pullback likely to $360–$350 zone.
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Strategy:
Long entry: Above $390 breakout with volume
Stop Loss: $370
Target: $410–$430
Short setup (only if rejection confirmed):
Entry: ~$385–$388
Stop Loss: $392
Target: $360, then $340