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TAO short-term spot trading has potential. The current price rebounded nicely after hitting the bottom at 215, and has already stabilized above EMA5 and EMA10, indicating short-term bullish sentiment is releasing.
From a technical perspective, the MACD DIF just crossed above DEA, with the histogram shifting from negative to positive, a classic low-level golden cross pattern. Trading volume has also increased significantly over the past 24 hours, indicating funds are entering the market.
For risk control, if the 233.00 level cannot hold, stop-loss should be implemented, as it is the support level of the lower Bollinger Band.
In terms of upside potential, in the short term, watch the upper Bollinger Band resistance around 258.00. Once broken, continue to monitor 265.00, which is the resistance level of the previous consolidation platform.
Overall, this is a good opportunity to go long, but remember to set proper stop-losses.