COVENANT EXIT SHOCKS
$TAO ⚠️
Entry: 276 🔻
Target: 260 📉
Track the breakdown. Fade weak bounces, monitor liquidity around 276, and only lean in if sellers keep control. This is a trust shock, not a random wick, and panic volume can keep flushing late longs. Let the bids prove they can defend before you size up.
I think this is a credibility event more than a routine correction. When a core team exits and openly questions decentralization, the market usually reprices trust first and everything else second. That makes 276 the obvious battlefield and 260 the next level where trapped bulls get tested.
Not financial advice. Manage your risk.
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