$TAO trade signal:
Current Market Trend: đ Bearish
⢠Current Price: ~$235 USD
⢠Context: TAO has faced a technical breakdown after failing to hold the $250 level. Broader market sentiment is risk-off following recent geopolitical news (EU tariff announcements) which has pressured high-growth AI assets. Indicators like the MACD and Moving Averages are flashing "Sell."
đ Trade Signal: Short (Sell) Strategy
Primary Strategy: Follow the momentum downward.
⢠Entry Zone: $238 - $242 (Enter on a relief bounce/rejection) OR Below $233 (Breakdown entry).
⢠Take Profit (Targets):
⢠TP1: $216 (Major Support / 200-day EMA confluence)
⢠TP2: $200 (Psychological Support)
⢠Stop Loss: $252 (Invalidates the immediate bearish structure).
⢠Leverage: Low (2x - 3x) recommended due to high volatility in AI tokens.
đ Alternative: Aggressive Long (Scalp)
Only relevant if price capitulates to major support.
⢠Entry: $215 - $218 (Catch the knife at major support).
⢠Target: $230
⢠Stop Loss: $208
