Thoughts on #TAO:


$TAO has confirmed a cup and handle breakout, followed by a strong impulsive move through a major horizontal resistance zone. The breakout was backed by a significant increase in volume, adding conviction to the move and signaling strong buyer interest. Price is now trading above both the 9 EMA and 50 SMA, keeping the short-term trend firmly bullish.
The ideal setup from here is to wait for a retest of the reclaimed horizontal zone around $255-$260. As long as this level holds as support, the breakout structure remains valid and favors continuation toward higher levels on $TAO. A successful retest would offer a lower-risk long opportunity, while losing the reclaimed zone would weaken the bullish outlook for $TAO.
TAO-6.81%
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