$Taiko (TAIKOUSDT) Analysis

====

Long or Short Recommendation:

Short-Term Long: The price is above key support ($0.55) and the 50 MA, with potential to retest resistance at $0.57-$0.5757. Bullish sentiment persists due to the Binance listing and trading volume.

Short Consideration: If the price breaks below $0.55 with increased selling volume, a short position could be viable targeting $0.52.

LONG - Short-Term Take Profit (TP) and Stop Loss (SL):

Entry Price: $0.5622

Take Profit (TP): $0.5757 (near 24h high resistance)

Stop Loss (SL): $0.5550 (below 50 MA support)Risk-Reward Ratio: ~1:2 (risking $0.0072 to gain $0.0135).

Action: Consider a short-term long with the above TP/SL. Watch for a break below $0.55 to switch to a short.