🤔 On the $TAO (4H) chart
The #analysis is presented using elements of smart money concepts (Break of Structure, CHoCH, EQH/Equal Highs, Demand Zones). Here is a brief overview:
Current situation:
- The price reached a level of about $338, testing the "Weak High".
➡️ #bullish scenario: holding the $445–460 area with subsequent accumulation and breakout upwards — continuation of the uptrend.
➡️ Correction: rollback to the $320 zone, accumulation and growth — a positive signal. Breakout below $240 and consolidation under the "Strong Low" will lead to a decline to $180–200.
✅ Key support levels remain the $345, $320, and $315 zones. While the structure retains signs of a #BullishTrend , weakness above $480 and consolidation below $340 will open the way to a deep fall.
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Buy and Trade $TAO here
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