TAO / USDT — Detailed Candle Movement Analysis
Displayed Timeframe: Daily Chart
Notes on Candle Behavior
Previous downtrend followed by gradual recovery:
From the peak of 426–430 USDT on July 27, TAO began recording consecutive bearish candles with long bodies, reflecting strong selling pressure and large capital outflows.
The bottom was recorded at 327.3 USDT on August 2, coinciding with a drop in volume — a sign of weak selling pressure and the beginning of selective buying liquidity entering.
Recovery Phase (from August 3 to now):
Small, gradual bullish candles formed with a slight increase in volume — this pattern often indicates gradual accumulation by large buyers (whales) without causing sharp price jumps that attract everyone's attention.
The price has surpassed the short-term moving average (MA 25) but is still below the long-term average (MA 99) — meaning the overall trend has not fully turned bullish yet.
Current Situation (August 10):
The price today is at 383.3 USDT with a small bearish candle appearing after a short rally — which can be interpreted as a temporary pause or natural profit taking.
The lower shadow in the last candle shows that buyers are still present and defending support levels.
Educational Notes for Followers
When the price is below MA 99 with the beginning of a breakout of MA 25, this indicates that the market is in a transitional phase — not fully bullish or bearish, but whales are starting to move.
Small candles after a rally may indicate consolidation before another upward attempt.
Long lower shadows indicate that buyers are rejecting sharp declines.
Proposed Trading Plan for TAO
Expected Trend: Gradual recovery with the possibility of testing higher resistance levels.
Entry Area:
Gradual entry between 380 – 385 USDT if the price maintains support above MA 25.
Stop Loss:
Below 370 USDT (Breaking support will weaken the bullish scenario).
Profit Taking Goals:
First Target: 395 USDT (Minor Resistance)
Second Target: 410 USDT (Near Long-Term Moving Average MA 99)
Third Target: 426 USDT (Previous High).
Risk Management:
Risk does not exceed 1.5% of capital.
Dividing contracts over multiple targets to secure early profits.
