$TAO USDT PERP — 1H Market Breakdown
TAO is in a strong expansion phase, pushing aggressively from 260.85 → 316.86 with sustained higher highs and higher lows. Current price around 308 reflects a minor pullback after tapping local resistance — a healthy pause, not a reversal yet.
Momentum remains bullish. MACD is positive and expanding, with both lines holding above zero — trend strength is intact. Volume confirms the move, with consistent participation during the climb. However, the latest rejection near 316 shows short-term profit-taking and possible liquidity sweep at highs.
Price is now compressing above 300 psychological support, maintaining bullish structure while cooling off from overextension.
Key Levels
Resistance: 316 – 320
Support: 300 – 290
Trade Setup
Buy Scenario (Trend Continuation)
EP: 300 – 308
TP: 316 / 325
SL: 292
Sell Scenario (Exhaustion / Rejection)
EP: 312 – 316 rejection zone
TP: 300 / 290
SL: 322
Outlook
TAO remains one of the strongest structures in the market right now. As long as price holds above 300, bulls control the flow. Break above 316 opens continuation toward 325+. Failure to defend 300 shifts momentum into a deeper retrace phase. This is a high-volatility trend environment — precision entries are key.
