$TAO – Support Holds… But Can Bulls Escape the Channel? 🤔

[theSignalyst]

TAO has been sliding inside a falling channel on the daily, printing lower highs and lower lows. Price is now hovering around a key structure cluster at $295–$310 — a level that flipped multiple times (old support/resistance) and aligns with the channel mid/lower boundary.

Key Zones

$295–$310: Immediate support/resistance band (reaction zone).

$400 / $420: Next major resistances if buyers reclaim momentum.

$170–$150: Deeper supports if the current floor gives way.

🧭 Confluence

Horizontal structure ($295–$310) + channel boundary = decision point.

Scenarios

Bullish: Hold above $295–$310, then break and retest the channel top → room toward $400–$420.

Bearish: Fail to hold $295 or get rejected at $310 / channel top → continuation inside the channel toward lower supports.

Which way do you see $TAO resolving from this compression — clean breakout or one more leg down inside the channel?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.