$TAO USDT is currently trading around 248.3 USDT after a sharp sell-off, indicating strong bearish pressure in the short term.
Price is currently in a clear downtrend and maintaining a lower highs + lower lows structure.
Entry Zone:
246.0 – 250.0
Targets:
TP1: 258.0
TP2: 268.0
TP3: 278.0
Stop-Loss:
239.0
Analysis:
Price MA(7), MA(25) and MA(99) are all trading below, confirming strong bearish momentum. The 246–243 zone is a short-term demand area where a technical bounce may occur. On the upside, the 260–270 zone is strong resistance; only if sustained above this zone will a trend reversal be considered. A volume spike has come with the recent sell-off, so volatility may remain high, and any bounce could be corrective, not a trend reversal.
⚠️ Note: Counter-trend long is only for the short term; the overall bias is still bearish.
