🚀$TAO /USDT Technical Analysis – Support Bounce or Breakdown Brewing🤔🔐👇

💰 Current observed Price: $394.6

📉 24H Drop: -5.94%

🕒 Timeframes Analyzed: 1H & 4H

📊 Chart Breakdown

📌 1H Chart Insights:📊

$TAO Price attempting a base formation around the $390–$394 zone after a steep decline.

EMA20 and EMA50 are sloping downward with wide distance – confirms short-term trend remains bearish.

MACD Histogram shows fading bearish strength but no bullish crossover yet.

RSI 34.01: Near oversold zone – caution warranted for further downside or a potential bounce.

📌 4H Chart Signals:📊

$TAO Price took support around EMA50 ($392.4) and is now stabilizing.

MACD crossover in bearish territory, red bars building momentum.

RSI 43.51: Weak but not yet in full oversold territory – signaling possible dip continuation if $390 breaks.

🎯 Trade Plan (Short-Term Outlook)

🔻 Trend Bias: Bearish to Neutral

🔸 Entry (Sell on Strength): $397–$405

🔸 Target-1: $387 (Support zone)

🔸 Target-2: $375 (Deeper dip if weakness extends)

🔸 Stoploss: $418 (Above resistance + EMA zone on 1H)

📈 Alternative Buy Idea: If price holds above $394 and 1H MACD crosses bullishly, a recovery back toward $408–$418 could be attempted with tight stop.

⚠️ Summary

❌ Trend = Down

📉 MACD & RSI confirm downside pressure

⚠️ Price hanging near EMA50 – next move critical

💬 “Respect the trend, but react to structure — not emotion.”

📢 This is not financial advice. Always DYOR before investing or trading.

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