🚀 $TAO /USDT: TESTING KEY LEVELS – BREAKOUT OR CONSOLIDATION? ⚡
The $TAO/USDT pair is currently trading at 501.2, near crucial support and resistance levels. Traders should stay alert as the market is poised for a potential breakout or pullback.
📊 Trade Scenarios:
Entry Point: 501.2
Take Profit (TP) 1: 520.0
Take Profit (TP) 2: 540.0
Take Profit (TP 3): 550.0
Stop Loss (SL): 490.0
Support is holding at 490.0, while resistance is at 520.0. A breakout above 520.0 could drive the price toward 540.0 and 550.0. On the downside, a drop below 490.0 could signal bearish pressure.
📉 Market Outlook:
TAO is consolidating near support at 490.0, and if the price holds this level, we may see an upward move toward 520.0 and higher levels. A breakout above 520.0 will confirm bullish momentum, while a drop below 490.0 could lead to a bearish retracement.
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