$TAO just wicked below $180 and bounced.


That is not a bottom confirmation.
That is a stress test.
Price is sitting at $209 right now with no structure to lean on between $200 and $240.
MACD is at negative 19.3.
The histogram is still expanding.
Sellers have not exhausted yet.
RSI is at 34.92, approaching oversold but not there.
No bullish divergence has printed.
Price made a new low and RSI followed it down.
That rules out a clean reversal signal.
Here is what a real bottom looks like on this chart:
Price retests $180 or lower.
RSI holds above its previous low while price makes a new one.
MACD histogram starts compressing toward zero.
None of those three have happened yet.
The $180 wick tells you demand exists down there.
The indicators tell you it is too early to call it.
Patience is the position right now.
The people who wait for confirmation always pay a little more and lose a lot less.
Save this and come back when RSI divergence prints.
TAO3.87%
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