$TAO If the buying moment starts to fade in this region, the market may pull back towards the nearby demand pocket.
Technical Vision:
- Pattern: Parabolic expansion at descending resistance.
- Bias: Bearish, the price may turn down if rejection develops near the top of the trend line.
- Key Level: Watch for resistance near 300 and support around $230.
If the price breaks and stabilizes above the descending resistance near 300, this bearish retracement scenario may quickly lose relevance.
TAO
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