📌📣$TAO /USDT Quick Analysis:

📊Current Price: $274.4

24h High: $289.3

24h Low: $258.2

Trend: Short-term pullback after a peak — potential for a bounce.

🔑Key Observations:

🌟1. Support Level:

Price previously bounced at around $269.7, indicating a short-term support zone.

📑2. Resistance Level:

Recent peak at $289.3, which is likely to act as resistance.

📄3. Volume:

Increased volume around the top indicates profit-taking, but the drop lacks heavy sell pressure, suggesting correction, not reversal.

📄4. Moving Averages (MA):

Price is currently near the MA(5) and MA(10) — potential retest zone for continuation.

✅5. $TAO Overall Trend:

Daily gain is +3.70%; 7D and 30D are both +8.59%, indicating bullish momentum on the broader timeframe.

📣Trade Advice (Scalp/Short-term Swing)

Strategy: Buy the Dip – Target a Short Rebound

Entry Zone: $272–$274

Stop-Loss: Below $269 (support break)

📌Target 1: $281

📌Target 2: $286–$289 (previous high)

🪧Risk/Reward:

📌Risk: ~2%

📌Reward: 3–5%

🔎Pro Tip for Extra Confirmation:

Watch for bullish reversal candle near $272–$274.

Use MACD crossover or RSI divergence to strengthen your entry decision.

If price drops below $269 with volume, cut losses immediately — it might retest $258 support.

Let's Trade on $TAO

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