$TAO /USDT — I’m watching the 258.3–258.5 area closely because price has just pulled back sharply after pushing toward 259.2. Buyers managed to lift the price earlier, but that latest drop tells me momentum is weakening, so I’m not rushing into a long yet.
Price is now around 258.4, sitting just below the visible MA60 at 258.5. For me, the key is whether TAO can reclaim that moving average and hold above it, or whether sellers continue pushing price lower.
📍 Entry: 258.5–258.6, only after a clear reclaim and hold.
🎯 TP1: 258.9 🎯 TP2: 259.0 🎯 TP3: 259.2, if buying momentum returns.
🛑 Invalidation: Below 258.3 after a confirmed reclaim.
If price loses 258.3, I’d step away from this setup because the recovery could fail and the recent pullback may continue. The chart also shows a previous dip toward 257.6, but I wouldn’t assume price will revisit that level.
My plan is simple: I want to see buyers defend the current area and reclaim 258.5 before considering a bounce. Without that confirmation, staying patient makes more sense than chasing the move.
Price is now around 258.4, sitting just below the visible MA60 at 258.5. For me, the key is whether TAO can reclaim that moving average and hold above it, or whether sellers continue pushing price lower.
📍 Entry: 258.5–258.6, only after a clear reclaim and hold.
🎯 TP1: 258.9 🎯 TP2: 259.0 🎯 TP3: 259.2, if buying momentum returns.
🛑 Invalidation: Below 258.3 after a confirmed reclaim.
If price loses 258.3, I’d step away from this setup because the recovery could fail and the recent pullback may continue. The chart also shows a previous dip toward 257.6, but I wouldn’t assume price will revisit that level.
My plan is simple: I want to see buyers defend the current area and reclaim 258.5 before considering a bounce. Without that confirmation, staying patient makes more sense than chasing the move.