Technical analysis of TAO currency (according to the image):

General Trend:

Bearish in the short term: evident from the long pole downwards followed by an upward correction within a narrow channel (descending flag).

This indicates the likelihood of continued decline if the channel is broken.

The price is currently within the channel, meaning it has not broken out yet.

Watch Levels:

Important Support (below the channel): If the price breaks this level with a clear close, we may witness a rapid decline.

Channel Resistance (upper): If the price fails to break it, it may continue to fluctuate within the channel before making a decision.

Entry Signal (in case of a break):

If the lower boundary is broken, the expected target is usually the length of the pole downwards.

Stop Loss: Above the last peak in the channel.

Additional Confirmation Tools (if available):

If indicators like RSI or MACD are used and show overbought conditions or a negative crossover, this reinforces the idea of a decline.

Recommendation Summary (if you are trading it):

Trade: Sell after breaking the channel support.

Stop Loss: Directly above the channel.

First Target: Length of the pole from the breakout point (approximately).

Alert: Do not enter the trade unless after a confirmed break with a clear candle.