đ„ $TAO /USDT ON THE EDGE OF A MAJOR MOVE! WHATâS NEXT? đ„
The TAO/USDT chart is flashing critical signals on the 15-minute time frame, indicating a potential sharp drop in price! After facing strong resistance around 575 USDT and struggling at 565 USDT, the current level of 559.5 USDT is hanging by a thread. With buyers losing momentum, the support level at 548 USDT is under threat, and a breakdown could send the price spiraling toward the 540 USDT mark or lower.
đ Key Levels to Watch:
đ§ Resistance: 565 USDT â This is the barrier to break for any bullish continuation. If buyers reclaim this zone, expect a surge toward 575 USDT.
đ Support: 548 USDT â A fall below this support could trigger a sharp selloff toward 540 USDT.
đ Entry Strategies:
đ Short-term: Enter short if TAO breaks below 548 USDT, targeting 540 USDT with a stop loss at 555 USDT.
đ Long-term: Wait for a confirmed breakout above 565 USDT for a long position targeting 575 USDT, with a tight stop loss at 560 USDT.
â ïž Warning: The trend is bearish for now, and a break of support could lead to further downside! Stay vigilant and trade with caution!
#BTCSoarsTo68K #CanaryLitecoinETF #WhichMemeCoin? #MemeCoinTrending #USStockEarningsSeason