$TAO

🤔 On the chart #TAO (four hours)

An analysis is presented using concepts of smart money (break of structure, CHoCH, EQH/equal highs, demand zones). Here’s a brief overview:

Current situation:

- The price has reached a level close to $468, testing the weak high.

- There are three main demand zones that could see a bounce: ~$445-460, ~$420, ~$375-380.

➡️ Bullish scenario: Holding the $445-460 level with further accumulation and bullish breakout - continuation of the uptrend.

➡️ Correction: A pullback to the $420 level, accumulation, and growth - a positive signal. A drop below the $340 level and consolidation below the "strong low" would lead to a decline to the $280-300 level.

✅ Key support levels are $445, $420, and $375. While the price structure maintains bullish trend indicators, weakness above $480 and consolidation below $340 would open the way for a sharp decline.