$TAO

Technical Analysis TAO USDT

🤔 On the #TAO chart (4 hours)

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

➡️ Current Situation:

- The price has reached a level of around $338, testing the "weak peak".

➡️ Bullish Scenario: Maintaining the level of $445-460 with subsequent accumulation and bullish breakout - continuation of the bullish trend.

➡️ Correction: A pullback to the $320 level, accumulation, and growth - a positive signal. A breakout below $240 and consolidation below the "strong low" will lead to a decline to $180-200.

✅ The main support levels remain at $345, $320, and $315. While the structure retains bullish trend indicators, weakness above $480 and consolidation below $340 will open the way for a sharp decline.