TAOUSDT Technical Outlook: Bounce or Bull Trap?
TAOUSDT is trading at a key inflection point after a deep correction from the $500+ high. The recent rebound from the $220–230 demand zone shows buyers are still active, but the broader daily structure remains bearish for now.
Price is currently reacting near the $290–305 resistance, a former support turned supply zone. This area will likely determine the next major move. A rejection here would confirm a lower high, keeping the downtrend intact. However, a strong daily close above $305 could signal trend stabilization and open the door for a broader recovery.
From a long-term perspective, chasing price here carries higher risk. The more favorable strategy is to accumulate on pullbacks into strong demand.
Potential Long Setup (Personal View):
• Buy Zone: $230 – $250
• Stop Loss: Below $205
• TP1: $305
• TP2: $380
• TP3: $480–500
As long as TAO holds above the $220 support, a higher-low structure can form. Losing that level would invalidate the bullish thesis and expose further downside.
This is my personal market view, shared for discussion and educational purposes only — not financial advice. Always do your own research and manage risk.
👉 Follow for more technical breakdowns and crypto market insights.
#TAO #TechnicalAnalysis