$TAO is currently trading around 167 USDT on the 4H timeframe after a strong bearish leg from the 207 high, followed by a sharp capitulation move that printed a swing low near 142.8. Since then, price has entered a weak consolidation phase, forming lower highs and showing signs of distribution rather than strength.
The broader structure remains bearish, with price trading well below major resistance zones. The recent bounce looks corrective, not impulsive, suggesting sellers are still in control. Volume has cooled down, indicating a lack of aggressive buyers at current levels.$TAO
Key Resistance Zones:
• 172 – 176 (local supply & rejection zone)
• 185 – 190 (major breakdown level)
Key Support Zones:
• 160 – 158 (intraday support)
• 150 – 143 (major demand & previous wick low)
A clean breakdown below 160 could open the door for a move toward 150–143. Bulls need a strong reclaim above 176 to shift short-term momentum.
⚠️ Trade with confirmation. Risk management is key.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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