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📉 The TAO (Tao) currency dropped from a peak of $430 to $204 after a strong selling wave, according to candlestick analysis on Binance. This drop has placed it in a historical support area that could be a new starting point.
📊 Technical indicators show a struggle between bulls and bears, but liquidity has begun to gradually return, which may pave the way for a strong rebound.
🔥 Trading advice:
> "TAO is now in an immediate buying zone for long-term investors, but with a condition: don't enter without an exit plan. Set a clear stop-loss point, and monitor liquidity and candlesticks. The first target is $450, and the second is $700, but do not chase the price—observe and react."
📌 Important reminder:
- There are no guarantees in the market, but opportunities arise from the lows.
- Base your decision on analysis, not on excitement.
- TAO is not for quick speculation currently, but for smart phased investment.
📷 The information in the attached image shows how complex theories like Elliott and Wyckoff can confuse traders, while simplicity in identifying support and resistance areas provides clearer opportunities.
