【2024.5.16 TAO intraday market analysis】

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#TAO 📉TAO callback has come to an end, and the bulls are re-energizing! 🚀

📈At present, the bulls are in control of the situation at the 2-4 hour level, focusing on the key point of 389.71! As long as this position is maintained, the 1-hour level will continue to be bullish!

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🎯The upper targets have been locked: 392.30, 394.65, 397.22, these three high grounds are waiting for you to conquer!

📉If the market changes, there is no need to panic about the callback. 387.13, 383.75, and 380.80 are solid defense lines. Hold the support and continue to buy long orders!

💡Current focus: 389.71, this is the 1-hour level long-short watershed! Contracts are risky, remember to act with caution!

🐣Brothers, only by keeping the old hen can you eat eggs! Let's operate steadily and make profits together! 💪

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