$TAO ‌Current price: $314.4



Direction: Bullish

Reasons:

1. Continuous capital inflow, strong buying support in the futures market, a significant 24H+8.44% increase, ample bullish momentum.

2. 4-hour MACD golden cross continues, bullish momentum bars expanding and above the zero axis, indicating a clear mid-term uptrend.

3. RSI(14) is at 62, close to overbought but not diverging, upward momentum still being released.

4. Price has broken through the previous consolidation center, healthy volume-price coordination, capital absorption and trend are resonating.

Support levels:

1. $305.00 (recent consolidation upper band, strong intraday support)

2. $298.00 (MA20 line, strong support)

Resistance levels:

1. $320.00 (psychological round number, short-term resistance)

2. $335.00 (previous high, strong resistance)

Suggested take profit: $332.00, stop loss: $300.00
TAO-3.29%
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TheMisbehaviorOfHuWevip
· 12-04 12:50
sb
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