🚨 $TAO Current Trend Bearish within a consolidation range
The weight of evidence points towards continued downside pressure. The price is below key short-term MAs, MACD is bearish, and the price is testing the lower Bollinger Band. The KDJ shows oversold conditions which may lead to a minor bounce, but the overall structure and capital flow divergence favor the downside. The lack of strong spot buying and the nature of contract inflows suggest weakness.
Entry short $TAO : reject from resistance at 322.2 or breakdown below support at 314.6
• Aggressive entry could be on a retest of the MA5/MA10 confluence zone ~318.5-319.5
Stop Loss: about 325.0
Target Price: 311.4-307 support zone
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TAOUSDT
Perp
315.53
-1.65%