$TAO previously made a strong move up from the 280 zone and pushed close to 302 📈. After that impulse, price failed to hold the highs and began moving sideways with a slow pullback. Currently, it is trading around 291–292, which is an important support area within this range 🟢.
On the upside, the main resistance lies between 298–302 🔴, where price has faced multiple rejections. On the downside, 288–285 is a strong support zone 🛡️ that has already attracted buyers before.
This price action suggests consolidation after a move, not a breakdown 🔄. There is no sign of a trend reversal; instead, this looks like a range-based scalp from support ⚡. Selling pressure appears controlled, and price is trying to stabilize near the lower boundary of the range.
If buyers successfully defend this zone, a bounce back toward resistance is likely for a quick scalp 🎯.
Invalidation is clear — if a strong 15-minute candle closes below 285 ❌, the long idea is invalid and downside momentum may continue.
Trade patiently ⏳, take profits quickly 💰, and don’t force entries 🚫.
