$TAO Volatile Surge: Pullback in Play?
$TAO surged to 404.7 but has retraced to 390.3 with a modest +0.31% daily gain, showing a sharp green rise followed by red candles on the 1D chart. This suggests overextension and potential for more correction.
Trade Setup – Short Opportunity
• Entry Zone: $388 – $392
• Stop Loss: Above $400
• TP1: $380
• TP2: $370
• TP3: $350 (extended target)
Market Insight:
High volume on the spike is fading, with bears stepping in. As long as $TAO stays below 400, downside risks grow. Check the next 1H candle for reversal signals.