$TAO

Trade Plan for TAO/USDT 📈

✅ Entry Zone: Buy within $469.0 – $469.3, near the current support level and just above the 7-period MA (469.0).

⛔ Stop Loss: Set at $467.0 (below the recent swing low of 468.0 and psychological support).

🎯 Profit Targets:

Target 1: $471.0 📍 (Move stop to breakeven—aligns with resistance from the order book)
Target 2: $473.0 🎯 (Approaches the 25-period MA)
Target 3: $480.0 🚀 (Recent 24h high)

📊 Risk/Reward Ratio: 3:1+ ⚖ (Conservative exit at 2:1 if momentum stalls near 471.0).

Key Observations:

Bearish Short-Term Momentum: Price is down -3.53% in the last 24 hours, trading near the 7-period MA (469.0) and above the 25-period MA (462.4), suggesting a potential consolidation with a slight bearish bias.
Volume: Recent volume shows moderate activity (22.15K TAO), with a slight uptick in the last candle, indicating possible buying interest. Confirm breakout with volume above 25K TAO.
RSI Estimate: RSI isn’t directly shown, but given the price stabilization after a downtrend, it’s likely near 45–50 (neutral). A move above 60 would confirm bullish momentum.
Order Book Pressure: Sell orders at 471.1 (4.593 TAO) indicate resistance, while buy orders at 469.3 (0.4755 TAO) suggest near-term support.

🔄 Strategy:

Enter on a 15-minute candle close above 469.3 with increasing volume to confirm buyer interest.
Trail stop below the 7-period MA (469.0) after Target 1.
Watch for rejection at 471.0 resistance or the 24h high (480.0) for early exit if momentum weakens.

Trade wisely! 🚀💰

Note: Crypto markets are volatile—scale in/out and monitor broader market sentiment to manage risk.