TAO has recently made some moves. The trading volume on the 30-minute candlestick chart has directly surged by 88.6%, and such changes in volume are often not without reason.
As of now, the quote is 248.52 USDT. The level at 247.77 below is a key support, less than 1% away from the current price. In other words, the price is oscillating around this area, which can easily trigger a chain reaction.
From a trading perspective, there are a few points worth noting: the support level at 247.77 is a good entry point, and you might consider laying in wait around this area; the resistance above is at 253.49, which is a reference point for taking profits.
Honestly, such a sudden increase in trading volume often signals an upcoming major move. Anyway, keeping an eye on TAO's subsequent trend is definitely the right choice—this kind of volume anomaly often indicates that the market is brewing for a change.
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
6
Repost
Share
Comment
0/400
WenMoon42
· 15h ago
88.6% of the volume, someone must be placing buy orders, it might be starting again.
View OriginalReply0
FomoAnxiety
· 15h ago
The trading volume is so strong, I'm a bit worried. Could it be a trap to lure more buyers?
View OriginalReply0
BrokenRugs
· 15h ago
88.6% of the volume... pretty aggressive, but such sudden surges are often fake; it depends on whether it can stabilize.
View OriginalReply0
GweiObserver
· 15h ago
88.6% surge in trading volume, this really shows something...
View OriginalReply0
rugpull_survivor
· 15h ago
You're trying to shake me out again, huh? I've seen data like 88.6% trading volume too many times. And what happened? Just a turn and a dump.
View OriginalReply0
BottomMisser
· 15h ago
It's the same trick of suddenly increasing volume again. I always fall for it. Ambushed at 247.77? Forget it, I'll just keep losing money.
TAO has recently made some moves. The trading volume on the 30-minute candlestick chart has directly surged by 88.6%, and such changes in volume are often not without reason.
As of now, the quote is 248.52 USDT. The level at 247.77 below is a key support, less than 1% away from the current price. In other words, the price is oscillating around this area, which can easily trigger a chain reaction.
From a trading perspective, there are a few points worth noting: the support level at 247.77 is a good entry point, and you might consider laying in wait around this area; the resistance above is at 253.49, which is a reference point for taking profits.
Honestly, such a sudden increase in trading volume often signals an upcoming major move. Anyway, keeping an eye on TAO's subsequent trend is definitely the right choice—this kind of volume anomaly often indicates that the market is brewing for a change.