$TAC The bounce looks strong, but I’m watching what happens next. I was looking at $TAC on the 15m chart with my team, and honestly, the first thing that caught my attention wasn’t the +48% move itself.
It was the reaction from 0.002022.
TAC sold off pretty aggressively into that area, but buyers stepped in and pushed price back toward 0.00257. That kind of sharp rejection tells me there was real demand sitting lower, at least on this timeframe.
Right now, price is above the MA(7) at 0.002456 and MA(25) at 0.002514, while the MA(99) is around 0.002031. So the short-term structure has improved quite a bit.
But here’s the part I’m not ignoring
The previous high is around 0.002787, and price is still below that level. For me, that’s the main area to watch. If buyers can reclaim and hold above 0.002787, the structure would look much healthier. If price keeps getting rejected around 0.00260–0.00278, then I’d rather wait and see whether this bounce has enough follow-through.
Volume is also interesting. The sell-off came with a noticeable volume spike, followed by strong buying volume on the rebound. That gives the bounce some weight, but I still want confirmation instead of assuming one green move means the trend is fully reversed.
MACD is still slightly negative, although the histogram is starting to improve. So momentum is recovering, but it’s not completely clean yet.
My levels from this chart:
Resistance: 0.002615 → 0.002787
Support: 0.002456 → 0.002031
Major reaction low: 0.002022
What I like: strong recovery from the lower wick, price back above the short-term MAs, and improving volume.
What I don’t like: price is still sitting under the recent high, and the MACD structure hasn’t fully turned bullish yet.
So yeah, I’m interested in TAC here, but I’m not chasing the candle. I’d rather watch how price behaves around the resistance and whether buyers can actually hold the reclaimed levels.
This is NOT a trading signal. I’m not posting this for signals or guaranteed entries. This is my personal chart analysis. $TAC
It was the reaction from 0.002022.
TAC sold off pretty aggressively into that area, but buyers stepped in and pushed price back toward 0.00257. That kind of sharp rejection tells me there was real demand sitting lower, at least on this timeframe.
Right now, price is above the MA(7) at 0.002456 and MA(25) at 0.002514, while the MA(99) is around 0.002031. So the short-term structure has improved quite a bit.
But here’s the part I’m not ignoring
The previous high is around 0.002787, and price is still below that level. For me, that’s the main area to watch. If buyers can reclaim and hold above 0.002787, the structure would look much healthier. If price keeps getting rejected around 0.00260–0.00278, then I’d rather wait and see whether this bounce has enough follow-through.
Volume is also interesting. The sell-off came with a noticeable volume spike, followed by strong buying volume on the rebound. That gives the bounce some weight, but I still want confirmation instead of assuming one green move means the trend is fully reversed.
MACD is still slightly negative, although the histogram is starting to improve. So momentum is recovering, but it’s not completely clean yet.
My levels from this chart:
Resistance: 0.002615 → 0.002787
Support: 0.002456 → 0.002031
Major reaction low: 0.002022
What I like: strong recovery from the lower wick, price back above the short-term MAs, and improving volume.
What I don’t like: price is still sitting under the recent high, and the MACD structure hasn’t fully turned bullish yet.
So yeah, I’m interested in TAC here, but I’m not chasing the candle. I’d rather watch how price behaves around the resistance and whether buyers can actually hold the reclaimed levels.
This is NOT a trading signal. I’m not posting this for signals or guaranteed entries. This is my personal chart analysis. $TAC
