TAO is approaching a strong long-term trendline support that has been respected multiple times in the past. Price is now reacting near this key zone while RSI is already moving in the lower range, showing the market is getting stretched. Everything is starting to align around this level. We could see a solid reaction from here maybe not the exact bottom, but a potential base forming. A brief dip below the trendline to sweep liquidity is still possible before any stronger move higher. Let’s watch how the higher-timeframe candles develop from this zone. DYOR, NFA #TAO #TAOUSDT
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ybaser
· 1h ago
Wishing you great wealth in the Year of the Horse 🐴
$TAO Weekly Update !!
TAO is approaching a strong long-term trendline support that has been respected multiple times in the past.
Price is now reacting near this key zone while RSI is already moving in the lower range, showing the market is getting stretched.
Everything is starting to align around this level.
We could see a solid reaction from here maybe not the exact bottom, but a potential base forming.
A brief dip below the trendline to sweep liquidity is still possible before any stronger move higher.
Let’s watch how the higher-timeframe candles develop from this zone.
DYOR, NFA
#TAO #TAOUSDT