🚨 TAO/USDT Market Update: Key Levels to Watch! 🚨
TAO is currently trading at $561.8 USDT, down 2.18% in the last 24 hours. The price is below the 60-period moving average (MA60) at $563.3, signaling a potential bearish momentum. Support sits at $556.5, while resistance looms at $588.7. If TAO fails to hold the support, further downside risk could emerge. However, a break above $588.7 might spark a bullish reversal.
💡 Entry Strategy: Aggressive traders may consider entering near support with tight stop-losses, while those seeking more confirmation could wait for a break above $588.7 for an upward momentum play. Keep an eye on volume – strong volume breakouts could signal a clear direction!
Stay sharp, trade wisely, and always manage your risk! 📊📈