$TAO

/USDT: Navigating the Pullback for Potential Reversal📈📊🔥

Current Price: $511.6

24h Change: -3.98%

24h Range: $507.9 - $545.1

24h Volume: 143,695.92 TAO / 75.97M USDT

Technical Snapshot 📊

1. Trend:

Bearish with a -3.98% decline, showing signs of profit-taking after testing the highs.

Price is currently at $511.6, consolidating near the lower end of its 24-hour range.

2. Key Support:

$507.9 (recent low)

$500.0 (stronger support zone)

3. Key Resistance:

$532.5 (immediate resistance)

$545.1 (recent high)

4. Indicators:

RSI: 42 (Neutral, indicating a balanced market with no extreme buying or selling pressure)

MACD: Slightly bearish, showing a possible continuation of the correction.

Volume: Moderate, suggesting that sellers are currently in control.

Trade Strategy 🎯

Entry Zone: $510.0 - $512.0 (Look for a bounce off support or a break of resistance)

Stop-Loss: $500.0 (Limit downside risk)

Target Levels 🚀

1. 🎯 Target 1: $532.5 – Immediate resistance

2. 🎯 Target 2: $540.0 – Next resistance zone

3. 🎯 Target 3: $545.1 – Extended target for a full recovery

Trade Tip:

If the price holds above $507.9, look for signs of bullish momentum such as higher highs or bullish candlestick patterns. A break above $532.5 could confirm a reversal and signal further upside.

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