$TAO Chart Digging a Pit And Now Setting Up for a Bounce (Maybe) ๐
๐ TAO on the 4-hour chart shows a range-bound market with lower highs (LH) and higher lows (HL), forming a potential "pit" between $272.8 (support) and $279.7 (resistance).
Support: $272.8
Resistance: $279.7
Liquidity zone: $277โ$279
Volume remains low, and MACD shows bearish divergence, indicating weakening momentum for
$TAO.
โ Possible scenarios:
๐ Bullish: Break above $279.7 with increased volume
๐ Bearish: Break below $272.8
๐ง Neutral: Range-bound between $272.8 and $279.7
Watch for volume and momentum shifts!
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