$TAO at the key resistance: possible downward reversal ⚡

The asset approaches an important resistance where the price had previously stalled.

Currently, the movement is directed towards the descending trend line, which has historically acted as a strong barrier.

🔎 On the chart (1H), Fair Value Gap and Order Block are noticeable — signs of liquidity imbalance.

⚠️ The formation of ChoCH near the resistance increases the likelihood of a downward reversal.

🎯 Take Profits:

TP1: 290.80 — first liquidity zone

TP2: 279.13 — strong support, possible reversal

TP3: 254.17 — long-term demand level

#TAOUSDT #CryptoTrading #OrderBlock #SupportResistance #BinanceSquare

TAOUSDT

Perp

289.52

+1.66%