$TAO Analysis
$TAO is currently trading around $372, testing a key resistance level after a 12% rally from the $350 support zone. This follows a strong rebound phase after an earlier drop from $433.
*Trade Details:*
- *Entry Zone*: $365 - $372 (on minor dips)
- *Stop Loss*: Below $360 (for downside protection)
- *Targets*:
- *Target 1*: $375 (immediate resistance level)
- *Target 2*: $380
*Technical Outlook:*
$TAO's price structure shows a recovery from the breakdown below previous support at $433.1, with a strong bounce backed by higher lows. If TAO clears the $400 resistance zone with volume, it could open the way toward $430. However, rejection at this level may trigger a retest of the $360-$350 demand zone before any further upside attempt.
*Key Levels to Watch:*
- *Resistance*: $400
- *Support*: $360
*Market Outlook:*
The market is watching to see if $TAO can break through the resistance zone and continue its upward trend. A successful breakout could lead to further gains, while a rejection could lead to a retest of lower support levels.
