$TAO pushed up into the 292 area and immediately faced strong selling pressure, showing clear rejection from that local resistance. Since that rejection, price has started to roll over on the lower timeframe, indicating buyers are losing momentum after the recent move up.


Price is currently holding below the 290–292 supply zone. As long as this area is not reclaimed, the structure favors a pullback rather than continuation higher. The recent bounce looks corrective, not impulsive, which supports a short scalp bias.


Buyers failed to hold above the 290 level and each attempt higher is getting sold quickly. This shows supply is active at the top. As long as $TAO stays below 292, downside continuation toward lower support remains the higher-probability move. A clean break and hold above 292 would invalidate this setup.

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January 13, 2026 at 8:27 PM
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