TAO has recently experienced a significant change in trading volume, with the 30-minute trading volume soaring by 39.9% month-on-month. Such a sudden increase in volume often indicates that a new market trend is about to start.
From a price perspective, TAO is currently trading around 216.57 USDT with fluctuations. Technically, the 215.04 level has formed a strong 1-hour support, with only 0.50% space from the current price. Below, there is also a support zone between 211.38-211.52 serving as a second line of defense.
Since it is approaching a key support level, this area becomes a good observation point for long positions. In terms of trading logic, you might consider placing an order around 215.04, with a take-profit target set at 219.8 as a resistance level. The sharp increase in volume is usually a signal of market initiation, and the subsequent trend warrants close monitoring.
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DeadTrades_Walking
· 4h ago
Increasing volume means it's going up. If it drops below 215, I'll buy the dip.
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AllInDaddy
· 4h ago
The surge in volume is so strong, it feels like something is about to move.
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Is 215 really a good sniper point? I always feel it might break through.
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It's the same old excuse. Last time, when saying this about TAO, it directly broke below the support.
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A 39.9% increase in volume is indeed interesting, but don’t be scared out.
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Taking profit at 219.8? Bro, you’re too conservative.
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Volume has tricked me a few times, better to be cautious.
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This support zone looks quite solid; small positions could try.
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Here’s another reason to go long, every day it’s "the market is about to start."
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If it breaks 215, there’s another line of defense. The logic checks out.
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Let’s wait and see if 215 can hold before making a move.
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HodlAndChill
· 4h ago
39.9% increase in volume... Is this really the same old story again? I don't think so.
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If the 215 level can hold, then it's a big deal; otherwise, it's just a false signal.
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Every time, they say that increased volume indicates a new trend, but what about now... I still choose to observe.
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Is 219.8 the ceiling? Feels about right.
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Trading volume surges but the price just oscillates; I always feel something's off.
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Entering at 215.04? I want to see if it's going to break through the support again.
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I've heard too many times that volume increase is a buy signal; this time, I choose to trust the candlestick itself.
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ForumMiningMaster
· 5h ago
The 39.9% volume increase is quite intense, but can the 215 support really hold?
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It's both volume increase and support again. Could this be another false alarm?
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Wait, this support level is so close. How to control the risk?
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Take profit at 219.8? That's too greedy. I'll first see if it can break 215 before making a move.
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Is increasing trading volume always a good sign? Sometimes it's a signal of distribution.
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Wait, no. Was there any catalyst before this volume surge, or did it just come out of nowhere?
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I placed an order at 215.04. Let's see how it develops from here. Long position, +1.
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CrossChainBreather
· 5h ago
Volume increase is a signal. I'm tired of this routine; every time they say it will start, but what happens?
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The support at 215 has long been on the guys' radar. When it finally breaks, it’s reality.
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It's the same old story... Let me see if I get my bottom at 215 and get slapped in the face before I say anything.
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An increase in trading volume is indeed worth paying attention to, but taking profit at 219.8 is a bit greedy; you need to know when to stop.
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If TAO can truly break through 219.8, I’ll eat my keyboard live. Who dares to move recklessly in this market now?
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There are so many support lines; it feels like just psychological comfort.
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It’s okay to go in, but I’ll still wait and see. There are too many signals that the wolf is coming.
TAO has recently experienced a significant change in trading volume, with the 30-minute trading volume soaring by 39.9% month-on-month. Such a sudden increase in volume often indicates that a new market trend is about to start.
From a price perspective, TAO is currently trading around 216.57 USDT with fluctuations. Technically, the 215.04 level has formed a strong 1-hour support, with only 0.50% space from the current price. Below, there is also a support zone between 211.38-211.52 serving as a second line of defense.
Since it is approaching a key support level, this area becomes a good observation point for long positions. In terms of trading logic, you might consider placing an order around 215.04, with a take-profit target set at 219.8 as a resistance level. The sharp increase in volume is usually a signal of market initiation, and the subsequent trend warrants close monitoring.