Chart Analysis (Token: TAO/USDT on Binance)

1. Key Levels:

24h High: 440.6

24h Low: 395.6

Current Price: 399.2

Major Resistance: 423–440 zone

Support Zone: 395–390 (if broken, next support ~375–380)

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Trend Analysis:

Price recently made a lower high (440.6) and then dropped sharply — forming a bearish structure.

Volume is relatively high, especially during red candles — indicates strong selling pressure.

Price is below moving average levels (if added) — further confirms bearish trend in short-term.

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Trade Setup (Short Term - 1h TF):

Bearish Bias — Short/Sell Setup

Entry (Short): On minor pullback around 403–406

Stop Loss: Above 412.5 (just above recent lower high)

Target 1: 395

Target 2: 385

> Risk-Reward: Approx 1:2+ (depending on entry accuracy)

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Bullish Alternative — Only if Bounce Confirmed

Entry (Long): Only if price closes above 412 with strong volume

Stop Loss: Below 400

Target: 423 / 430

> But this is a low-probability setup right now as trend is clearly downward.

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Conclusion — Market Direction Prediction:

Probability: Downtrend continuation is more likely unless strong buying appears near 395 support.

Next Move:

If 395 breaks with volume, next stop could be around 380–375

If 395 holds with reversal candle, expect minor pullback to 403–406 zone before deciding further. #TAO/USDT