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TAO
TAO at $255.8. EMA200 at $275.2.
Price just slipped back below the EMA200 after briefly reclaiming it. That rejection matters.
The $240 to $255 demand zone is now the line in the sand:
- Hold this zone and there is a base building.
- Lose it and the next real support is the $190 to $225 area.
Volume has been elevated on the sell side recently. Not the setup I want to see holding this level.
Watching closely this week.