$TAO $NEIRO $OGN
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Free Analysis on #Tao
What will happend with Tao
Next Moves
Based on the current chart setup, the trend is clearly bearish, so entering a short position would align with the momentum. However, since the RSI is near the oversold territory, a potential bounce could occur soon.
Suggested Approach:
Short: If the price attempts to move toward the 7-period MA (457.9) and fails, it would likely be a good entry point to short, targeting the support around 435.9 or lower.
Wait for Confirmation for Long: If you're considering a long, wait for a strong reversal signal, like a green candle closing above the 7-period MA with increased volume, as this would suggest a potential bounce.
Given the current momentum, shorting is more in line with the trend, but keep a close stop-loss in case of a sudden reversal.
