$TAO remains in a bearish descending channel, and price is consolidating under resistance after the last selloff. Momentum is still capped as long as we stay below the channel top.
Hold 160–165. Possible bounce toward 175–185 (channel resistance). Lose 160–165. Next support is 150, and a deeper continuation toward the prior wick low stays #BuyTheDipOrWaitNow? #TAO $TAO $TAO
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$TAO** **ANALYSIS**
$TAO remains in a bearish descending channel, and price is consolidating under resistance after the last selloff. Momentum is still capped as long as we stay below the channel top.
Hold 160–165. Possible bounce toward 175–185 (channel resistance). Lose 160–165. Next support is 150, and a deeper continuation toward the prior wick low stays
#BuyTheDipOrWaitNow? #TAO $TAO $TAO