$TAO /USDT

🔍 Quick Technical Overview

Price Range: $329.2 (support) → $346.7 (resistance)

Current Price: $337.7

Recent Trend: Small pullback from 24h high, likely consolidating.

🧠 Trade Setup Ideas

Range Trade / Mean Reversion

Ideal if TAO stays sideways between $329 - $346

Buy Entry: Around $330 - $332 (near support)

TP (Take Profit): $345 - $348

SL (Stop Loss): Below $325

Risk/Reward: ~1:2 or better

This setup assumes you're playing the bounce off the 24h low support.

Breakout Setup

For aggressive upside if $347 is broken with volume

Buy Entry: On breakout above $348 with volume confirmation

TP: $360 - $370 (psychological + Fibonacci targets)

SL: Tight — back under $342 or previous resistance

Wait for volume spike and candle close above resistance.

Breakdown Play

If support at $329 fails

Short Entry: Under $328 with volume (if Binance futures or similar is available)

TP: $315 - $310

SL: Tight — above $335

Only valid in a weak market or BTC dump scenario.

🔧 Recommended Indicators (if using charts):

RSI: Check for oversold at support (ideal for bounce)

MACD: Bullish cross near support = stronger buy

Volume: Essential to confirm breakout or breakdown

🧠 Pro Tip:

If BTC or ETH is ranging or dropping, be cautious. TAO sometimes follows BTC sentiment. Use alerts near $329 and $348 to catch action early.

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