$TAO Price action shows a clear bearish continuation after rejection from $250.32, forming consistent lower highs and lower lows. The breakdown below $245 confirms loss of mid-range support, with sellers maintaining control through impulsive downside candles. Current bounce from $238.55 is weak and corrective, not a structural reversal.
Trend remains firmly bearish on the lower timeframe, with price trading below key supply at $243–$246. Momentum is still to the downside, as pullbacks are shallow and fail to reclaim previous breakdown zones. Liquidity below $238.55 is still partially intact, making further downside likely.
EP: $241.00 – $243.00
TP1: $238.50
TP2: $235.80
TP3: $232.00
SL: $246.50
Trend strength is bearish with clean structure breakdown and continuation pattern intact.
Momentum remains weak on rebounds, showing lack of buyer commitment and sustained selling pressure.
Price is likely to push lower to clear remaining liquidity below $238.50 before any meaningful recovery.
TAO
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