⚡ $TAO /USDT Recovery Attempt – Key Levels Ahead!
Current Price: 274.8 (-1.58%)
24h High/Low: 282.9 / 254.5
Price dumped hard to 254.5 earlier and has since recovered with a series of green candles. Currently consolidating near EMA7 after a small rejection.
Indicators:
Price sitting right at EMA7 (275.5), still below EMA25 (285.7) & EMA99 (291.2)
RSI(6): 41.2 → Neutral zone
KDJ: K 49.2 | D 39.1 | J 69.4 → Mixed signals, slight bullish divergence forming
Trade Setups:
🟢 Long Entry (Breakout Play)
Entry Zone: 276 – 278
Stop Loss: 268
TP1: 285
TP2: 292
TP3: 300+
🔴 Short Entry (Rejection Play)
Entry Zone: 276 – 278 (on rejection)
Stop Loss: 283
TP1: 268
TP2: 260
TP3: 254
Summary:
Price is attempting a recovery after a deep dump but still faces strong resistance from the higher EMAs. A clean break above 278 can open upside, while rejection here can send it back toward the lows. Stay disciplined with risk!
NFA | DYOR ⚠️
#TAO #Bittensor #Crypto #Binance #TradingSetup $TAO
Current Price: 274.8 (-1.58%)
24h High/Low: 282.9 / 254.5
Price dumped hard to 254.5 earlier and has since recovered with a series of green candles. Currently consolidating near EMA7 after a small rejection.
Indicators:
Price sitting right at EMA7 (275.5), still below EMA25 (285.7) & EMA99 (291.2)
RSI(6): 41.2 → Neutral zone
KDJ: K 49.2 | D 39.1 | J 69.4 → Mixed signals, slight bullish divergence forming
Trade Setups:
🟢 Long Entry (Breakout Play)
Entry Zone: 276 – 278
Stop Loss: 268
TP1: 285
TP2: 292
TP3: 300+
🔴 Short Entry (Rejection Play)
Entry Zone: 276 – 278 (on rejection)
Stop Loss: 283
TP1: 268
TP2: 260
TP3: 254
Summary:
Price is attempting a recovery after a deep dump but still faces strong resistance from the higher EMAs. A clean break above 278 can open upside, while rejection here can send it back toward the lows. Stay disciplined with risk!
NFA | DYOR ⚠️
#TAO #Bittensor #Crypto #Binance #TradingSetup $TAO