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$TAO Earlier, we warned everyone not to chase the highs. The first resistance level is around $360. After a surge to about $377, there was a significant pullback.
Previously, Qiqi's target was around $300. Today’s lowest pullback was to $316, which is basically in line with expectations.
Technical: Short-term bearish momentum is easing. $300–$316 is a strong support zone; resistance above is at $340–$360 . Short-term pullbacks can be considered for long positions.
The first resistance is currently around 360, don't chase blindly.
Last time I pointed out that below 280 was an opportunity on the pullback, and now the rebound has materialized.
In the short term, unable to effectively break through the 360 resistance level, likely will pull back to around 300 to find support.
At this position, I personally suggest taking profits first to protect your gains. You can consider adding positions later once it truly holds the resistance level—no rush.