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$TAO/USDT is feeling heavy right now and I’m seeing price slipping below the short term moving averages on the 15m chart which tells me sellers are still in control and momentum is weak at this moment. The drop from the recent $235 area changed the structure and now price is grinding lower with no strong bounce yet which feels like the market is still searching for support.
I’m watching the $218 to $215 zone very closely because if it holds we could see a relief bounce and short term recovery, but if it fails then pressure can increase fast and price may slide deeper before any real demand steps in. For bulls to breathe again we need a clean reclaim above $223 to $225 with strength, otherwise every small pump still looks like a sell.
I’m staying patient and reading the reaction candle by candle because if support shows up this can turn into a sharp move either way.
Let’s go and Trade now $ATOM #JoinGrowthPointsDrawToWinGoldenBar