$TAO /USDT pair on Binance.
Quick read of the chart
Current price: 261.3 USDT
24h High: 266.4
24h Low: 247.7
Strong move up from around 256.7 → 266.4
After hitting resistance at 266.4, price started pulling back
Current candles show short-term bearish retracement
Key levels
Resistance zones
264.8 – 266.4 → strong rejection zone
If price breaks above 266.4, next bullish continuation is possible
Support zones
260.5 – 261.0 → immediate support (price is testing this now)
258.3 → stronger support below
256.7 → major intraday support
What it suggests
Right now price looks like:
Strong bullish impulse happened
Profit-taking started near top
Market is deciding whether:
to bounce from 260–261 and continue upward
or break down toward 258
Trading idea (not financial advice)
Bullish confirmation: hold above 260.5 and reclaim 263+
Bearish confirmation: break below 260.5 with volume → possible move to 258.3
My honest view
This currently looks more like a healthy pullback after a pump, not a full reversal yet.
The next few candles around 260.5–261 are very important.
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