$TAO is sitting right above key support while momentum fades — this looks like a liquidity sweep before a bounce.
Long TAO
Entry: $312-$316
Stoploss: $298
Targets: $330-$345-$360
📊 Analysis
Price holding above SMA200 ($311) keeps structure intact despite short-term weakness. RSI7 near 35 shows selling pressure is close to exhaustion. MACD still negative but not expanding → downside momentum is slowing. Trading below SMA7 creates squeeze potential. If $319 is reclaimed with volume, upside continuation can accelerate quickly. Clean support-based long with defined risk.
Trade $TAO here 👇
TAOUSDT
Perp
317.3
-0.88%