TAO just made a strong move from the lows into a key supply zone that previously acted as distribution. This area is now acting as resistance.
The big question is whether this is a real change of character or just a relief rally into supply
Here is what stands out
The move up was aggressive but ran straight into prior structure
Rejection shows sellers are still active at higher levels
Structure is attempting a shift but there is no confirmation yet
Key zones
Resistance zone aligns with prior breakdown structure
Mid range level is the key pivot for continuation or failure
Lower range still holds liquidity if weakness returns
Scenarios
Bullish
Hold the mid range and build acceptance then break higher structure confirms trend shift
Bearish
Lose the mid range this becomes a lower high and continuation targets lower liquidity
Right now this looks like a test of supply not a confirmed reversal
Patience is key let the market confirm direction
The big question is whether this is a real change of character or just a relief rally into supply
Here is what stands out
The move up was aggressive but ran straight into prior structure
Rejection shows sellers are still active at higher levels
Structure is attempting a shift but there is no confirmation yet
Key zones
Resistance zone aligns with prior breakdown structure
Mid range level is the key pivot for continuation or failure
Lower range still holds liquidity if weakness returns
Scenarios
Bullish
Hold the mid range and build acceptance then break higher structure confirms trend shift
Bearish
Lose the mid range this becomes a lower high and continuation targets lower liquidity
Right now this looks like a test of supply not a confirmed reversal
Patience is key let the market confirm direction
Check me out btdcrypto.com/links/
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Check me out btdcrypto.com/links/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.