TAO/USDT – Bearish Structure, Key Levels in Focus ⚠️
$TAO is trading near 167 USDT on the 4H chart after a strong rejection from the 207 high and a sharp sell-off that formed a swing low at 142.8. The current price action shows weak consolidation, suggesting this move is corrective rather than a trend reversal.
Market structure remains bearish, with lower highs and price holding below major resistance. Buying pressure is limited, and volume has declined, signaling hesitation from bulls. As long as $TAO stays below the 172–176 resistance zone, downside risk remains active.
Key Resistance:
• 172 – 176
• 185 – 190
Key Support:
• 160 – 158
• 150 – 143
A breakdown below 160 could trigger a continuation toward the 150–143 demand zone. Bulls must reclaim 176+ with strong volume to invalidate the bearish bias.
📌 Trade with confirmation and strict risk management.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
#BinanceSquare #TechnicalAnalysis #TAO #TAOUSDT #Commodities
