$TAO
Market Overview
Current Price: $394.7
24h High/Low: $402.9 / $353.3
Price Change: +7.26% in 24 hours
Recent Peak: $402.9 with a slight pullback
Volume Spike: Confirmed breakout with increased volume
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Indicators Analysis
Moving Averages (MA):
Price is above the MA(5) and MA(10), showing bullish momentum.
MACD:
MACD Histogram is fading after a bullish crossover, indicating momentum is slowing.
RSI(6):
RSI is at 60.8 — nearing overbought territory, but not overextended.
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Trade Plan
Trade Type: Short-Term Swing (Intraday or 1-day hold)
Entry Point: $388–$391
Reason: Wait for a small pullback toward the 5-period MA (yellow line) or support zone just above $388, which was a key resistance area broken earlier.
Stop Loss: $382
Reason: Just below the minor support and breakout level. If price falls below this, the bullish structure weakens.
Take Profit Target: $405–$410
Reason: Targeting a retest of recent high ($402.9) and potential breakout continuation to round resistance of $405–410.
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Risk/Reward Ratio
Risk: ~$6–9 per token
Reward: ~$15–20 per token
Ratio: ~1:2 or better, which is favorable.
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Summary
You’re looking at a bullish continuation, but it’s ideal to wait for a slight dip to reduce risk. The volume and RSI support further upside, but chasing a high after a rally could expose you to a pullback
