$TAO is back at a level that buyers have defended before ๐
After the recent pullback from the $260+ area, TAO is now trying to stabilize around this support zone. If buyers continue defending it, I think a bounce toward $250 is possible.
$250 is the first important resistance Iโm watching. A clean reclaim there would make the recovery much more interesting, but if this support finally gives way, Iโd rather wait for a new structure than blindly buy the dip.
For now, the reaction from this zone matters more than the prediction ๐
After the recent pullback from the $260+ area, TAO is now trying to stabilize around this support zone. If buyers continue defending it, I think a bounce toward $250 is possible.
$250 is the first important resistance Iโm watching. A clean reclaim there would make the recovery much more interesting, but if this support finally gives way, Iโd rather wait for a new structure than blindly buy the dip.
For now, the reaction from this zone matters more than the prediction ๐