๐$TAO /USDT Trade Analysis โ Strong Push Forming, But Key Levels Tested! ๐ง ๐ฅ
๐ Current Price: $369.5
๐ 24H Change: +2.81%
โฐ Timeframes: 1H & 4H
๐ Volume Surge: Over 38K TAO traded
๐ Technical Breakdown (1H Chart):
โ $TAO Price Rebounded from $355 zone and moved aggressively toward $375
โ Both 20 EMA and 50 MA showing bullish crossover โ short-term support building at ~$368
๐จ Last candle faced rejection from $375 resistance, signaling intraday profit-booking
๐ Holding above 368.3 support may trigger fresh breakout attempts
๐ Indicators (1H):
MACD: Slightly bullish momentum building
RSI: 52.25 โ neutral, with room for upside without being overbought
๐ 4H Chart Insight:
๐ก Price still below the critical 391 EMA resistance
๐ข Price attempting to form a higher low at $360+ range
โ ๏ธ Bulls need a clean breakout above $375โ380 to retest $391.1 resistance
๐ MACD (4H): Recovery phase from red histogram
๐ RSI (4H): 42.94 โ still in accumulation zone, not overheated
๐ฏ TAO Trade Setup (Short-Term):
Strategy: Bullish Bias โ Wait for retest or reclaim of $375
๐ Entry Range: $365 โ $368
๐ Target 1: $375
๐ Target 2: $382
๐ Target 3: $391
๐ SL: $355 (below local support & recent low)
๐ง $TAO showing strength, but broader breakout will need volume confirmation and sustained close above $375. Scalpers can play the bounce from 368 zone, while positional buyers should wait for strength above 380+.
๐ฌ โIn crypto trading, structure beats emotion. Stick to the plan, not the hype.โ
๐ This is not financial advice. Always do your own research and manage your risk wisely.
#TAO #MarketRebound #SaylorBTCPurchase #TrumpTariffs #Binance