$TAO is one of the few assets that has actually seen a pullback recently, which may appear weak in the short term.
However, if the price can reclaim the $280 level, it would signal a recovery of the daily trend. The daily RSI is relatively low, and the MACD is sitting around neutral, leaving room for a potential shift in momentum.
If a breakout happens from here, there’s space for a solid upside move. That’s why it’s on watch for a possible trend reversal. A strong reclaim of $280 would be the key trigger to consider increasing position size, as it could lead to a more aggressive short-term opportunity.
#USInitialJoblessClaimsBelowForecast
However, if the price can reclaim the $280 level, it would signal a recovery of the daily trend. The daily RSI is relatively low, and the MACD is sitting around neutral, leaving room for a potential shift in momentum.
If a breakout happens from here, there’s space for a solid upside move. That’s why it’s on watch for a possible trend reversal. A strong reclaim of $280 would be the key trigger to consider increasing position size, as it could lead to a more aggressive short-term opportunity.
#USInitialJoblessClaimsBelowForecast