🚨 $TAO at a Crossroads Bullish Rally or Bearish Pullback?
#TAO is trading at $558, rebounding from its low of $541.5 and nearing the resistance at $565. The price is showing signs of potential volatility making this a critical level to watch for traders.
Bullish Scenario:
Entry Point: Above $565
Targets for Bulls:
1. $574
2. $585
3. $600
Stop Loss: $550
A breakout above $565 could ignite a bullish rally toward $600, supported by rising RSI and MACD momentum indicators.
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Bearish Scenario:
Entry Point: Below $550
Targets for Bears:
1. $541
2. $530
3. $520
Stop Loss: $565
If $TAO fails to maintain support above $550, a drop toward $520 could be on the horizon, signaling bearish dominance.
⚠️ Risk Management: Stay cautious and use tight stop losses to navigate the potential volatility as $TAO approaches critical levels.