The Macro Picture 🗺️
TAO unwound from the $351.04 macro ceiling into a summer base and has settled at $197.10, holding above the $183.16 macro floor. Price is coiling in the lower half of the range with the floor intact — a base rebuilding, not a breakdown.
The Setup ⚙️
The Range Floor 🟢
$183.16 (Macro Support) is the demand base the range pivots on. It has held on retest through July, and that's the floor a recovery would build from.
The Decision Point 🔴
$215.63 (Local High) is the gate. A daily close above it flips the local structure bullish and opens the path to the $234.61 measured-move target.
The Roadmap 🛣️
Hold above $183.16 → break $215.63 → run toward $234.61. Invalidation is a clean daily close below $183.16 — that breaks the range.
This is a GRID Range Play: a defined band to rotate, buying the lower half and scaling out into the breakout.
