I’m watching $TAO /USDT around 264.8, and the short-term structure still looks weak. Price has bounced from the visible low near 263.3, but it remains below the declining MA60 at 266.7, so I’m not convinced buyers have regained control.
Price is moving sideways around 264.4–264.8 after recovering from the low. The area around 265.3–265.5 is the first resistance I’m watching, while 264.0 and 263.3 are important downside reference levels visible on the chart.
📍 Entry: 264.4–264.8, only if price holds this area and shows a stronger bounce 🎯 TP1: 265.3 🎯 TP2: 265.5 🎯 TP3: 266.5, only if momentum improves 🛑 Invalidation: Below 263.3
If price loses 263.3, I’d step away from this setup because the recent recovery would be failing, leaving the downside structure intact.
The main risk is that the declining MA60 continues to act as resistance and price rolls over again. I’d prefer to see a clear move above 265.5 before getting more confident. For now, this is a cautious bounce setup, not a confirmed reversal.
Price is moving sideways around 264.4–264.8 after recovering from the low. The area around 265.3–265.5 is the first resistance I’m watching, while 264.0 and 263.3 are important downside reference levels visible on the chart.
📍 Entry: 264.4–264.8, only if price holds this area and shows a stronger bounce 🎯 TP1: 265.3 🎯 TP2: 265.5 🎯 TP3: 266.5, only if momentum improves 🛑 Invalidation: Below 263.3
If price loses 263.3, I’d step away from this setup because the recent recovery would be failing, leaving the downside structure intact.
The main risk is that the declining MA60 continues to act as resistance and price rolls over again. I’d prefer to see a clear move above 265.5 before getting more confident. For now, this is a cautious bounce setup, not a confirmed reversal.