$TAO /USDT – Sharp Pullback Approaching Key Demand Zone
$TAO is trading at $353.6, down -7.77% after facing rejection from the 24h high of $391.8 and nearing the 24h low of $346.9. With a 24h volume of $50.86M USDT, the retracement is significant but not alarming.
📌 Support Zone: $346–$350 — monitor for potential bounce
📌 Resistance Levels: $365, followed by $384
📌 Short-Term Outlook: Bearish unless price reclaims $364+
🔻 Breakdown Watch: A sustained drop below $346 could open the door to a $330–$340 retest
⚠️ TRADE IDEA (Scalp/Swing)
• Entry (Aggressive): $350–$354
• Take Profit Targets:
• TP1: $365
• TP2: $378
• Stop Loss: $344
📊 Note: TAO is known for high volatility. Confirm with a reversal candle on the 15m–1h timeframe and increasing volume before entering.
