$TAO is holding support between $260-$192.73 which is the blue target area.
This is after a 5 wave rally completing a larger wave 1. Then we saw a pullback in wave 2. This support needs to hold.
On holding this level watch for a reversal and a continuation higher. A break of this support box will confirm a more bearish move targeting the lows at $142.85.
TAOUSDT
Perp
249.57
-0.91%