๐จ $TAO /USDT โ Breakdown Brewing or Bounce Zone? ๐๐
$TAO is trading at $323.50 (-4.01%), just above its 24h low of $320.60 after failing to reclaim $343.70. With RSI at 30.3, TAO is skimming oversold levelsโbut is support about to give way?
๐ Market Overview
๐ Current Price: $323.50
๐ 24h High: $343.70
โ๏ธ 24h Low: $320.60
๐ Parabolic SAR: Near $328.70 (Flipped bearish recently)
๐ MACD Momentum:
DIF: Drifting lower
DEA: Converging down
MACD: Bearish tone increasing
๐ TAO Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If TAO Holds Above $320.00):
Entry: Above $328.00
Targets: $336.70, $344.80, $351.00
Stop-Loss: $314.00
๐น Bearish Scenario (If TAO Breaks Below $320.00):
Entry: Below $318.00
Targets: $314.40, $312.50, $305.00
Stop-Loss: $329.00
๐ Should You Hold or Sell?
โ RSI at 30.3 = oversold territory, good zone for bounce traders
โ Holding $320 = chance to reclaim $330+
โ Breakdown below $314 = opens path toward $300 test
๐ก Pro Tip:
๐ Look for a bullish engulfing candle above $328 for safe long entry
โ ๏ธ No volume = no breakoutโwatch for buyer conviction before acting
๐ข TAO bulls: buying the dip or waiting for confirmation? Letโs talk strategies!
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