TAO short-term spot trading has potential. The current price rebounded nicely after hitting the bottom at 215, and has already stabilized above EMA5 and EMA10, indicating short-term bullish sentiment is releasing.
From a technical perspective, the MACD DIF just crossed above DEA, with the histogram shifting from negative to positive, a classic low-level golden cross pattern. Trading volume has also increased significantly over the past 24 hours, indicating funds are entering the market.
For risk control, if the 233.00 level cannot hold, stop-loss should be implemented, as it is the support level of the lower Bollinger Band.
In terms of upside potential, in the short term, watch the upper Bollinger Band resistance around 258.00. Once broken, continue to monitor 265.00, which is the resistance level of the previous consolidation platform.
Overall, this is a good opportunity to go long, but remember to set proper stop-losses.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
10
Repost
Share
Comment
0/400
Layer2Arbitrageur
· 01-25 09:19
lmao the volume spike is literally just whale accumulation, nothing special. watched this play out 47 times already
Reply0
ruggedSoBadLMAO
· 01-23 18:33
The golden cross has appeared. Can this wave reach 258? It feels a bit uncertain.
View OriginalReply0
HorizonHunter
· 01-23 01:10
The rebound at 215 is pretty good this time. The golden cross just formed and is still fresh. If 233 doesn't hold, I really have to cut.
View OriginalReply0
DisillusiionOracle
· 01-22 10:30
233, the stop loss is a bit tight, feels like it could be easily swept.
View OriginalReply0
CryptoMotivator
· 01-22 10:30
The golden cross has appeared, but it still depends on whether it can break through 258. If 233 doesn't hold, then we have to run.
View OriginalReply0
AirdropAutomaton
· 01-22 10:27
A golden cross still requires caution. Whether this wave can break 258 depends on the volume.
View OriginalReply0
NFTRegretDiary
· 01-22 10:27
The golden cross has appeared, and funds are also flowing in. If we can't hold the 233 support, we'll just run away.
View OriginalReply0
MetaMuskRat
· 01-22 10:23
215 Bottom rebound, this wave is indeed interesting. The golden cross just formed and volume started increasing, looks comfortable.
233 Stop-loss line must be held firmly; otherwise, the losses will keep piling up.
View OriginalReply0
DegenWhisperer
· 01-22 10:22
A golden cross signals it's time to go up, but don't be greedy. If you can't hold the 233, forget about it.
View OriginalReply0
OfflineNewbie
· 01-22 10:17
215 bottoming out and bouncing back, this move is interesting. MACD golden cross + volume increase together, breaking 258 confidently pushing towards 265
TAO short-term spot trading has potential. The current price rebounded nicely after hitting the bottom at 215, and has already stabilized above EMA5 and EMA10, indicating short-term bullish sentiment is releasing.
From a technical perspective, the MACD DIF just crossed above DEA, with the histogram shifting from negative to positive, a classic low-level golden cross pattern. Trading volume has also increased significantly over the past 24 hours, indicating funds are entering the market.
For risk control, if the 233.00 level cannot hold, stop-loss should be implemented, as it is the support level of the lower Bollinger Band.
In terms of upside potential, in the short term, watch the upper Bollinger Band resistance around 258.00. Once broken, continue to monitor 265.00, which is the resistance level of the previous consolidation platform.
Overall, this is a good opportunity to go long, but remember to set proper stop-losses.