TAOUSDT on the 1H is coming down after a distribution phase and now tapping into a solid support zone.
Price is sitting around $308 – $299, which lines up with previous demand + higher timeframe support. You can already see buyers trying to defend this area with those wicks forming.
This looks like a pullback into value after a downtrend leg, not something to short at the lows.
Game plan:
Watching for entries around $308 area — but only if we get a clean reaction or small structure flip. No rushing in.
Invalidation is clear:
Lose $296, and this level breaks — then we’re likely heading lower.
Upside targets:
First push toward $331 — that’s your immediate resistance and mid-range level.
If momentum builds, extension toward $368 is possible.
Right now it’s simple:
Price at key support
Buyers showing early signs
Looking for a bounce, not a full reversal (yet)
Let the level play out — if it holds, decent RR setup. If not, step aside.
✅ Trade here on $TAO
