#Buyingselling positions based on the indicators shown: #TAO๐ฅ๐ฅ๐ฅ๐ฅ ๐ฅจ๐
Buy near support (329โ331) if RSI stabilizes and candles move back above EMA(10).
Sell/Take profit near resistance (335โ336).
If EMA(30) breaks downward with RSI < 50, expect further downside๐๐ง๐๐ญ๐ ๐ช .#AltcoinMarketRecovery $TAO
Chart Overview (TAO/USDT)
Current Price: 330.9
24h High / Low: 335.9 / 320.9
Change Today: +2.29%
Trend: Short-term uptrend, now showing slight pullback๐โ๏ธ๐
Indicators
EMA (Exponential Moving Average)
EMA(10) = 331.8 (yellow line)
EMA(30) = 329.9 (pink line)
Since EMA(10) is above EMA(30), this suggests a short-term bullish trend.
Price is slightly below EMA(10), meaning a short-term pullback is happening.
RSI (Relative Strength Index)
RSI(12) = 51.6
RSI(50) = 57.4
Both values are in the neutral zone (40โ60) โ no overbought or oversold signal.
RSI shows slight cooling down after hitting near 60 earlier.
Candlestick Pattern
The price recently peaked at 335.9 and is now consolidating around 330โ332.
Red candles indicate a short retracement after a strong upward move.
