$TAO /USDT Analysis: Consolidation Near Resistance $TAO is trading at $421.2, reflecting a slight upward movement of +1.79%. The price has rebounded from a low of $370.0 but faces strong resistance near the $433.7 mark.
Trade Setup:
Long Entry: Above $433.7
Target 1: $450.0
Target 2: $470.0
Stop-loss: $410.0
Short Entry: Below $410.0
Target 1: $390.0
Target 2: $370.0
Stop-loss: $433.7
Market Insight:
The RSI is at 53.5, indicating neutral momentum. The MACD histogram shows early bullish signals, but a breakout above $433.7 is crucial for sustained gains. Failure to hold above $410.0 could lead to further downside.