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#TAO
$TAO is testing a key resistance level for the next step....
The $TAO stock is trading around the level of 395 US dollars, facing short-term resistance after a 12% rise from the support area at 350 US dollars. This comes after a strong rebound, following the previous decline from 433 US dollars.
Trading Settings
Entry Zone: $388 - $395 on slight dips
Stop Loss: Less than $380 to protect against a downturn
Target 1: 410 US Dollars - Immediate Resistance Level
Objective 2: $430 - Re-test the highest level recorded in August if momentum continues.
The artistic perspective
The price structure of the TAO share shows a recovery from the collapse below the previous support level at $433.1, with a strong rebound supported by higher lows. A breakthrough of the resistance area between $400 and $410 with significant trading volume could open the way towards a level between $430 and $445.9. However, a rejection here may lead to a retest of the demand area of $360-$350 before any further upward attempt #Gate Releases August Reserves Report #BTC Hits New ATH #Show My Alpha Points #Circle Launches ARC