$TAO
#
Based on the TAO/USDT chart (1D timeframe):
Indicators:
Price: ($349.4), down 3.24%.
MA(7) > MA(25) > MA(99): Still in a bullish structure but price is near short-term support.
MACD: Bearish crossover happening (MACD line crossing below signal line), suggesting weakening momentum.
RSI (6): 49.8 – neutral zone, slightly bearish bias.
Candle Pattern: Two red candles forming after rejection at the recent high ($389.5) indicates short-term selling pressure.
Conclusion:
Short-Term Bias: Short or wait — unless strong support around $345 holds and reversal signs appear.
Long-Term: Still in uptrend unless price breaks below MA(25) ($309.9) or MA(99) ($314.6).
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Suggestion: You may short with tight stop-loss above $360, targeting $320–$310 zone. Or wait for consolidation and buy near support if bullish structure continues.
