📉🚨 ALERT: $TAO /USDT AT CRITICAL SUPPORT – BIG MOVE INCOMING! 🚨📉
$TAO /USDT is teetering at a vital support level around $497 USDT, with a consistent downtrend pressing against the bulls. This $497 USDT support zone has been tested multiple times, showing resilience, but each test weakens its strength. If this level fails to hold, a sharper decline could unfold, while a bounce could initiate a relief rally.
🔍 Key Levels to Watch:
• Support: $497 USDT – This is the last stronghold. A breakdown below could lead to further downside towards $480 USDT.
• Resistance: $520 USDT – First resistance zone; breaking above it may attract fresh buyers, pushing TAO higher toward $540 USDT.
💼 Trading Strategy:
1. Long Entry: Wait for a confirmed bounce above $497 USDT, targeting $520 USDT initially.
• Stop Loss: Set at $490 USDT to manage risk in case support breaks.
2. Short Entry: If the price closes below $497 USDT, enter with a short position aiming for $480 USDT.
• Stop Loss: Place at $505 USDT to protect against potential pullbacks.
With TAO/USDT on edge, this support level is key. Will it break down or bounce? Stay alert – the next move could define the trend!
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