đ TAO/USDT Technical Analysis đ
The current price of TAO is hovering around 574.9 USDT, showing a 1.61% decline over the last 24 hours. With the price sitting just below the 60-period moving average (577.7 USDT), we are seeing a bearish sentiment in the short term.
Key levels to watch:
Resistance: 577.7 USDT (MA60) and 611 USDT (24h high). If the price breaks these levels, expect potential upside momentum.
Support: 569.4 USDT (24h low). A drop below this point could signal further losses.
Entry Strategy: For conservative traders, waiting for a breakout above 577.7 USDT could provide a safer entry, confirming a bullish reversal. Aggressive traders might look to buy near the support level of 569.4 USDT, aiming for a quick rebound.
Keep an eye on volume as it indicates strong market activityânow is the time to stay alert for key price action moves! đđ„
#TAOđ„đ„đ„đ„ #TAOBULLISH #TaobaoTmall #TAOTrading #Write2Earn!
