$TAO Perpetual Futures (Binance Chart Analysis)

1. Identifying Trade Direction (Long/Short)

Technical Analysis:

Trend Analysis (Moving Averages)

MA(7): 266.24

MA(25): 268.90

MA(99): 256.31

Since MA(7) > MA(25) > MA(99), the trend is currently bullish, indicating a potential long trade opportunity.

Support & Resistance Levels

Support: 246.23 (previous swing low)

Resistance: 275.26 (previous swing high)

If the price breaks and closes above 275.26, it may indicate further upside potential.

2. Trade Execution & Risk Management

Entry Criteria

Long Entry:

Price closes above 270.33 with volume confirmation.

MA(7) stays above MA(25).

RSI moving from neutral (40-60) to bullish (>60).

MACD crossover above zero.

Short Entry:

Price rejects 275.26 resistance and breaks below 268.90 (MA 25).

RSI crosses below 50.

MACD crosses below zero with increasing bearish volume.

Stop-Loss & Take-Profit Strategy

Stop-Loss (SL):

Long Trade: Below 265.31 (previous low or MA(99)).

Short Trade: Above 275.26 (previous resistance).

Take-Profit (TP):

TP1: Resistance level 275.26 (for long) / Support level 268.90 (for short).

TP2: 280.00 (long) / 255.00 (short).

Use trailing stop in strong trends.


Disclaimer: This is for informational purposes only, not financial advice. Conduct your own research and trade responsibly. 🚀📊

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