$TAO is cooling off after the push — and to me, this looks like a classic shakeout before the next real move.

Price is printing short-term lower highs, so yeah, momentum slowed… but zoom in and you’ll see it’s sitting right inside a demand pocket. Sellers had their shot, pushed it down — but the follow-through is weak. That’s usually where reversals start building.

I’m watching this level closely because this is a pivot zone. Either buyers step in here and flip structure, or we lose it and accept lower.

If we reclaim 322, momentum shifts fast. If 312 breaks clean, this setup is off.