The leader project TAO in the AI concept has indeed captured people's attention recently. It is currently hovering around $209, again returning to that key historical bottom area - the place where it rebounded to $600 a few months ago. This is a life-and-death line for long positions.
The situation is very clear: TAO is now at a crossroads. If it can hold steady at the $200 level, it will continue to oscillate within the large range; if it effectively breaks below, it could form a top pattern such as an M-top or rounded top, and the subsequent decline could be terrifying.
From a positional standpoint, there are two layers of pressure above. $280-$300 is the main resistance for the recent rebound, which is the position for short to medium-term profit-taking. The real challenge in the medium term is further up at $450-$500, which is clearly a continuation platform for the downtrend, making it very difficult to break through in the short term.
The support below is even more critical. $200-$210 is the absolute defense line, which has been verified multiple times in history. Now, each time it approaches this price, we can see funds protecting the market, and the lower shadows are indeed being quickly absorbed. If this defense line is broken, panic will directly drive down to the extreme bottom of $160-$170.
Interestingly, it's the trading volume. During the decline, the volume has been shrinking, and whenever the price approaches $200, there hasn't been any crazy selling; instead, there has been support. This indicates that both long positions and shorts are waiting, and the market is brewing a direction choice.
If you already have a position, here's a suggestion: hold firmly at $200. TAO, as the leader of the AI sector, has no fundamental issues. As long as the daily line doesn't drop below $190, hold firmly and wait for a rebound at the bottom (looking at $300).
If you haven't entered yet, around $200 is an excellent entry point. Build your position in batches, with a stop loss set at $185. Take a risk of $15 to aim for a rebound space of $100+, especially since the AI sector could explode at any moment. TAO is currently testing its bottom line; at this point, the opportunity outweighs the risk, but it is essential to strictly enforce the stop loss.
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shadowy_supercoder
· 12-24 03:46
Hmm... The 200 line is indeed scary, but the price and volume performance is not desperate yet.
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I respect the $185 stop loss point, at least there is still a way out.
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With TAO's market stabilization being so fierce, could it be that large investors are accumulating?
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Whether it is the bottom or a false rebound will be known once it breaks below 190.
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To be honest, whether the AI sector is hot or not still depends on the technicals, while the fundamentals rely on faith.
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I've heard the phrase "opportunity greater than risk" too many times...
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Building a position in batches is indeed prudent, after all, there’s no point in being sideways now.
The leader project TAO in the AI concept has indeed captured people's attention recently. It is currently hovering around $209, again returning to that key historical bottom area - the place where it rebounded to $600 a few months ago. This is a life-and-death line for long positions.
The situation is very clear: TAO is now at a crossroads. If it can hold steady at the $200 level, it will continue to oscillate within the large range; if it effectively breaks below, it could form a top pattern such as an M-top or rounded top, and the subsequent decline could be terrifying.
From a positional standpoint, there are two layers of pressure above. $280-$300 is the main resistance for the recent rebound, which is the position for short to medium-term profit-taking. The real challenge in the medium term is further up at $450-$500, which is clearly a continuation platform for the downtrend, making it very difficult to break through in the short term.
The support below is even more critical. $200-$210 is the absolute defense line, which has been verified multiple times in history. Now, each time it approaches this price, we can see funds protecting the market, and the lower shadows are indeed being quickly absorbed. If this defense line is broken, panic will directly drive down to the extreme bottom of $160-$170.
Interestingly, it's the trading volume. During the decline, the volume has been shrinking, and whenever the price approaches $200, there hasn't been any crazy selling; instead, there has been support. This indicates that both long positions and shorts are waiting, and the market is brewing a direction choice.
If you already have a position, here's a suggestion: hold firmly at $200. TAO, as the leader of the AI sector, has no fundamental issues. As long as the daily line doesn't drop below $190, hold firmly and wait for a rebound at the bottom (looking at $300).
If you haven't entered yet, around $200 is an excellent entry point. Build your position in batches, with a stop loss set at $185. Take a risk of $15 to aim for a rebound space of $100+, especially since the AI sector could explode at any moment. TAO is currently testing its bottom line; at this point, the opportunity outweighs the risk, but it is essential to strictly enforce the stop loss.