$TAO trade signal:
Current Market Trend: 📉 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."
📉 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.
🐂 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
