$TAO - update:
Same as many others #alts and $FTM , the yesterday bearish move can be a red alert for the medium term! 🚨
Depsite a bullish view (Daily), prices could move sideway for some days into this yellow zone!
I won't ape in long position yet, bulls need more power!
Key resistance to be watch on:
602 - 645 - 650$ and trend line.
We have to wait for greater stability to be profitable, otherwise we feel like we're playing CASINO GAME!
I managed to make a 6/6 successfull short trade in a raw, while the bears were strengthening!
During that time, I think that It's safer to short resistances than to buy them! (reduce your targets)
A daily close below 540$ would be very bad for #tao price!
Key supports: 540 - 510 - 480 - 450$
As long as prices hold above 450$ long term investor shouldn't have to worry about short term moves.
(Im bullish for the long term)
