$TAO Update: Crucial Support Test or Deeper Correction?
($TAO) is currently showing signs of cooling off after its recent rally, with the price dropping toward the green SuperTrend support line at $277.2. The RSI(6) has retreated significantly to 33.4, indicating that the previous overbought momentum has faded and we are now entering a zone where buyers might look to step back in.
🎯 Trade Setup
EP (Entry): $270.0 – $277.5 (Buying near the SuperTrend support)
TP (Targets)
TP1: $299.1
TP2: $310.6
TP3: $325.0
SL (Stop Loss): $258.0
The chart shows a critical liquidity zone around $277, which aligns with the SuperTrend support level. If ($TAO) fails to hold this mark, the next major historical support sits near $242, but a bounce here could quickly retest the recent high at $310.
Do you think ($TAO) will catch a bid at this support level, or are the bears taking control?
Watching this level closely.
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