🚨 $TAO /USDT – MAJOR VOLATILITY AHEAD! Is a BREAKOUT Coming or COLLAPSE Awaiting? 🚨
The TAO/USDT chart shows high volatility with the price currently hovering at 562.8 USDT. After a steep drop, it’s consolidating right above key support, signaling a pivotal moment for both short-term and long-term traders.
💡 CRITICAL LEVELS TO WATCH:
📉 Support Zone: 556.5 USDT – A dip below this level could trigger further sell-offs down to 550 USDT or lower.
🚧 Resistance Level: 570 USDT – A breakout above this could see the price pushing toward 585 USDT and higher.
⚖️ TRADE STRATEGY:
Short-Term Entry: Long if price reclaims 565 USDT with a stop loss at 560 USDT, aiming for a target of 575 USDT.
Short Entry: Enter short below 556 USDT with a stop loss at 562 USDT to ride down to 550 USDT.
Long-Term Entry: If the price holds above 570 USDT, consider entering long for a potential move towards 590-600 USDT, with a stop loss set at 565 USDT.
This setup is ideal for active traders monitoring quick moves and those looking to ride the next big shift in TAO/USDT! Stay sharp!$
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