$TAO /USDT

The price has broken below its previous ascending channel, entering a bearish continuation phase. The decline has eroded prior structure, but the asset is now nearing a significant historical demand zone. This area may see selling pressure exhaust, presenting a potential technical rebound scenario. This is a reactive setup, not a trend-following trade.

Trade Setup - Long (Relief Bounce)

Entry Zone: 242 – 248

Target 1: 262

Target 2: 278

Target 3: 295

Stop-Loss: 232

*The thesis is contingent on price finding support and stabilizing above the demand zone. A break below 232 would invalidate the bounce premise.*

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