#TAO
Watch out for TAO, it's about to hit the corner!!!
LOW PRESSURE IS INTENSIFYING!
$TAO/USDT has broken below the key support around 365 and is now trading near 361.88. The price action confirms a bearish continuation after the rejection from the supply zone, with a clean lower high and an impulsive imbalance candle. This suggests that sellers are in control and are looking for an additional downward move.
Market outlook:
The bearish structure remains intact as the market continues to form lower highs and lower lows. The momentum favors downside targets as long as the price remains below 365. The risk is well defined with a tight stop above the supply zone.
Trade on Spot here $TAO
Let’s go!!! Greetings