TAO/USDT Technical Analysis & Trade Signal
Current Price: $491.3
24h Price Change: +6.43%
Technical Indicators:
SAR (Stop and Reverse): $481.4 (potential support level).
24h High: $508.0 (resistance zone).
24h Low: $442.3 (support zone).
Momentum: Positive (+6.43% in 24h), indicating upward momentum.
Trade Signal:
Buy Signal: If price stays above $481.4 (SAR level), consider entering long positions.
Stop Loss: Set below $442.3 (24h low) for risk management.
Target Levels 🎯:
1. Target 1: $508.0 (recent high, short-term resistance).
2. Target 2: $520.0 (next potential resistance).
3. Target 3: $535.0 (long-term target if momentum continues).
Momentum:
Bullish Momentum: Market showing a positive trend with increasing volume and price movement.
Consider entering the trade if price holds above $481.4, with a potential to reach target levels due to the upward momentum.
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