$TAO ‌ is putting everyone in a tough spot right now.

Looking at this daily chart, it feels like we’re at a major crossroads. We bottomed out around $142 and managed a decent bounce, but the momentum is definitely struggling to stay consistent.
The price is currently sitting at $188.5 and we’re basically smacking our heads against that $205 resistance level. Every time we get close, the sellers step in and push us back into this range.
The good news is that we’re making slightly higher lows lately, which shows there is still some interest under $170. But until we actually clear $205 with some real volume, this is just a sideways chop that can burn your capital.
I'm watching for a clean daily close above $200 before I even think about a long toward the $240 gap. If we lose $170 again, it's probably going back to test the lows.
Keeping my hands under my seat for now and letting the market decide.

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