๐ $TAO /USDT: Technical Overview and Scenarios
Current price ~$265.2. The instrument is in a local correction after the impulse to $277. The market remains overloaded with longs (over 75% by positions), which increases the risk of local liquidity withdrawal before the trend continues.
Key levels:
Support: $252.0 โ $260.0 (EMA(30) zone and buyer pools)
Resistance: $277.0 โ $286.0 (short liquidation zone)
๐ฆ Trading ideas:
๐ข LONG (Main):
Entry: $257.0 โ $260.0
Takes: $272.0 / $277.0 / $285.0
Stop: $251.0
๐ด SHORT (Aggressive / Highs Removal):
Entry: $277.0 โ $280.0
Takes: $266.0 / $260.0
Stop: $287.5
โ ๏ธ Before entering a long, it is better to wait for confirmation of the price reaction at $260.0.
Current price ~$265.2. The instrument is in a local correction after the impulse to $277. The market remains overloaded with longs (over 75% by positions), which increases the risk of local liquidity withdrawal before the trend continues.
Key levels:
Support: $252.0 โ $260.0 (EMA(30) zone and buyer pools)
Resistance: $277.0 โ $286.0 (short liquidation zone)
๐ฆ Trading ideas:
๐ข LONG (Main):
Entry: $257.0 โ $260.0
Takes: $272.0 / $277.0 / $285.0
Stop: $251.0
๐ด SHORT (Aggressive / Highs Removal):
Entry: $277.0 โ $280.0
Takes: $266.0 / $260.0
Stop: $287.5
โ ๏ธ Before entering a long, it is better to wait for confirmation of the price reaction at $260.0.
