🚨 $TAO BOUNCES FROM $220 SUPPORT — CAN BULLS RECLAIM $245 NEXT?
$TAO is showing signs of a recovery after a heavy sell-off, currently trading around $236.00 (-8.63%) on the 1H chart. Price experienced a sharp liquidity sweep toward the 24H low of $220.20, followed by an aggressive bullish rebound, suggesting buyers are defending lower levels. However, the broader short-term structure remains bearish, with price consolidating below the key resistance zone of $236.70. A confirmed breakout above this level could trigger a bullish BOS, opening the door toward TP1: $245.90 and TP2: $255.20. On the downside, rejection from resistance and a breakdown below $227.40 could bring the $220.20 liquidity zone back into focus. With 24H trading volume reaching $42.68M USDT, volatility remains elevated. Watch for a clean breakout, volume confirmation, and successful retest before considering a long entry. Bulls must reclaim resistance to establish a stronger recovery; until then, patience and disciplined risk management remain essential. 🎯
#TAO
$TAO is showing signs of a recovery after a heavy sell-off, currently trading around $236.00 (-8.63%) on the 1H chart. Price experienced a sharp liquidity sweep toward the 24H low of $220.20, followed by an aggressive bullish rebound, suggesting buyers are defending lower levels. However, the broader short-term structure remains bearish, with price consolidating below the key resistance zone of $236.70. A confirmed breakout above this level could trigger a bullish BOS, opening the door toward TP1: $245.90 and TP2: $255.20. On the downside, rejection from resistance and a breakdown below $227.40 could bring the $220.20 liquidity zone back into focus. With 24H trading volume reaching $42.68M USDT, volatility remains elevated. Watch for a clean breakout, volume confirmation, and successful retest before considering a long entry. Bulls must reclaim resistance to establish a stronger recovery; until then, patience and disciplined risk management remain essential. 🎯
#TAO
