$TAO LONG TRADE STEPUP.
Current Price: $447.0
Indicators Summary:
Stochastic RSI: ~34.5 — trending downward, showing waning bullish momentum.
RSI Levels:
RSI(6): 34.1
RSI(12): 38.4
RSI(24): 42.0
These are all nearing or in the oversold territory, hinting at a potential bounce but not confirmed yet.
Price Action:
Local High: $452.1
Local Low: $446.8
The price is currently consolidating just above that low, which may act as short-term support.
Trade Setup Suggestions:
1. Scalp Long Setup (High Risk)
Entry: $446–$447 if strong support holds and bullish candles form.
Target: $449.5–$451 (short bounce zone).
Stop Loss: Below $445.
2. Breakdown Short Setup
Entry: Break below $446 with volume confirmation.
Target: $441.5 (previous low) or $438 (support cluster).
Stop Loss: Above $448.5.
Since momentum is currently weak and RSI is low, waiting for a bounce confirmation or breakdown may offer better timing.
