TAO/USDT – Downtrend Still in Control 📉
$TAO is currently trading near $145 on the 4H timeframe, maintaining a clear bearish structure with consistent lower highs and lower lows since the rejection near $207. Price recently reacted from the $142.8 swing low, but momentum remains weak and sellers continue to dominate short-term structure. The market is approaching a key support zone where volatility could expand.
If TAO breaks below the $140–$142 area, downside targets open toward $135 and potentially $128. On the upside, bulls must reclaim $154 to trigger a short-term relief move, with $168 acting as the next major resistance. Until structure shifts, trend-following pressure favors the downside. Watch for strong volume confirmation before positioning for the next move.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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