$TAO /USDT – Support Bounce or More Downside? 📉🔄
$TAO has dropped -4.10% in the past 24H, currently trading at $318.4 after rebounding slightly from the 24H low of $314.4. The price action is attempting to form a short-term base but remains below key resistance levels, indicating caution.
📉 Trade Setup:
Entry Zone: $316 – $319
TP1: $324
TP2: $328
TP3: $332
Stop Loss: $312
📊 Market Insight: Bearish trend dominates on the 15M chart. A clean reclaim above $320 is needed to trigger upside targets. Otherwise, rejection at $319–$320 could lead to fresh lows.
💡 Pro Tip: Watch for a higher low formation and volume spike before re-entry — avoid chasing weak bounces.
$TAO traders — stay sharp, key decision zone ahead! ⚠️📊
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