๐จ TAO/USDT โ double top!
Price: 338 USDT, recently dropped from 348.7. On the 1H chart, a short-term downward trend is visible.
๐ Pattern: double top
Max: 372.9
Min: 335.2
Neckline: ~335
โ ๏ธ Signals:
EMA 7 < EMA 25 and EMA 99 โ bearish momentum
MACD bearish crossover
RSI and Stochastic oversold โ possible rebound
๐ฏ Potential targets after breaking the neckline:
1๏ธโฃ 320 USDT
2๏ธโฃ 305 USDT
3๏ธโฃ 297 USDT
๐ก Strategy:
Sell on a close below 335, stop-loss 342
Or rebound from 338 โ short-term buy until 345โ350
TAO is balancing on the edge โ watch the neckline and prepare for movement!
Spot trading ๐$TAO
Futures ๐
{future}(TAOUSDT)