TAO is indeed very strong now. It has just broken through the key resistance and the price has risen very quickly. But in the short term, it is overbought and there may be a pullback. Here are my suggestions:

Current situation

After TAO's sharp rise, it may digest the gains first. Short-term indicators show overbought and the demand for pullbacks has increased. However, the overall trend is still strong.

Key points

1. Short-term support: 540-550. This is an area where short-term pullbacks may occur. You can consider entering with a light position.

2. Strong support: 515-525. If the price pulls back to this range, the support will be stronger and it is suitable for a steady entry.

3. Extreme support: 480-500. If the price hits this position, it is a good opportunity to buy at the bottom.

Operation suggestions

• If you are more aggressive, you can try to go long with a light position at 540-550, with a target of 570-580 and a stop loss at 530.

• If you are more stable, wait for the pullback to 515-525 before entering, with a stop loss at 500.

• If the price drops to 480-500, you can buy in batches and wait for a rebound.

Risk Control

Note that short-term fluctuations will be relatively large, so control your position. If it falls below 480, you need to re-judge the direction.

In short, don't chase high prices. It is safer to wait for the price to pull back to the support level before entering the market! #tao $TAO