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The calm before the storm
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#TAOTrading Market Update: TAOUSDT Current Price: $395.73 (+15.31%) Key Levels: 24h High: $397.44 24h Low: $340.32 Resistance: $404.21 (Middle Bollinger Band) Support: $340.71 (Lower Bollinger Band) Analysis: The price of TAOUSDT has surged by 15.31% and is currently at $395.73. This spike comes after touching a recent low of $333.35, indicating strong bullish momentum. The price is approaching the middle Bollinger Band ($404.21), which may act as resistance. Volume: The trading volume is significantly high, supporting the current upward movement. Advice: Go Long: If the price breaks and sustains above $404.21 with high volume, consider entering a long position. Take Profits: If you're already long, watch for resistance at $404.21. If the price struggles to break this level, it might be a good time to take profits. Go Short: If the price fails to break above $404.21 and shows signs of reversal, consider shorting with a target around $340.71. Stay updated and trade wisely!
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