$TAO /USDT: Pullback or a Bearish Reversal?
$TAO is trading at $446.2, down by 1.39% after testing a 24-hour high of $468.4. The price is pulling back from its recent rally, hovering near support zones, and traders are watching for the next move.
Trade Setup
Entry Point: $446.2
Targets to Watch
1. First Target: $455.0
2. Second Target: $465.0
3. Third Target: $475.0
Support Levels
Immediate support at $440.0, with critical support at $426.5.
Analysis
The RSI at 37.7 indicates bearish momentum, but a reversal could occur if support levels hold. A breakout above $455.0 could reignite the bullish trend, while failure to hold $440.0 may lead to further downside toward $426.5. Monitor trading volume closely for a clear signal.