$TAO has printed three lower highs since April and nobody wants to touch it.


378 in April.
335 in May.
280 in June.
But look at what the lows are doing.
June flushed to 180. July sellers pushed again and could not even reach it. Price is basing above 195 while momentum quietly stops making new lows.
That is how downtrends die. Not with a green candle everyone sees, but with a red candle that fails to go anywhere.
The level that decides everything is 225. Reclaim it and the lower high sequence breaks for the first time in four months. Reject it and this is just another pause before 180 gets tested properly.
No prediction here, just a plan. Above 225 I pay attention. Below 195 I wait. Everything in between is noise designed to shake out the impatient.
The people who read the docs always buy before the people who read the price.
TAO-4.54%
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