🔥$TAO

TAOUSDT

Perp

229.97

+3.49%

The daily chart and the 4-hour chart both show a strong bearish trend, with prices below all key exponential moving averages (EMA). The 1-hour RSI indicator is at 35.89, in the oversold territory, indicating strong selling momentum. If the 15-minute RSI indicator fails to hold above 50 and confirms the resumption of the downtrend, it triggers a short entry point. This is a high-probability entry to participate in the downward market. Actionable setup (Short) Entry point: Market price 230.606068 – 232.246356 Take profit 1: 226.505348 Take profit 2: 224.86506 Take profit 3: 221.584484 Stop loss: 236.347076