*TAOBUSD (Bittensor) $TAO
Current Price: 320.18 (down –17.25, –5.11% in the last session).
Price Action: The 1‑minute chart shows a sharp spike around 13:30 UTC followed by a strong bearish reversal, pushing the price from ~323 to 320.18 in 31 seconds.
Trend: Immediate bearish momentum after the peak; the candle pattern indicates potential continuation of the downtrend.
Support & Resistance:
- *Support*: 320.00 (current level); next support ~319.50.
- *Resistance*: 322.50–323.00 (recent high).
Trading View:
- *Entry (short)*: Consider entering a sell around *320.30* if the price breaks below 320.00.
- *Target*: 319.00–318.50 for quick profit.
- *Stop‑loss*: Place above 321.00 to guard against reversal.
Indicators: No visible indicators on the chart; adding RSI or MACD could confirm over‑sold conditions for a potential bounce.#BTC #cryotocurrency
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