$TAO analysis

I don't really do these htf reviews on this app. I did one for TAO back March 2024 to explain why it would fall to $200, which at that moment seemed crazy because of the upcoming #Binance listing and sheer euphoria. However logic often prevails. 

And this video is not calling for this to happen (although ppl will think I am), but I am just explaining why it can happen. I have no emotional attachment to this token (I hold this token, so I hope it does well). But the market can do anything, so we have an open mind. This asset needs to repair a lot of damaged caused by the recent pivot because it is in a negative state and to repair this damage it needs to exceed $500 with strength, BUT is there a significant demand imbalance inside the range for this to occur? This is the question. If not, then it must seek the unfilled bids. This is a very htf view and it does not preclude us from taking bullish trades (which will present), but to buy a spot position I'd want the wholesale price and not the retail price.  

As always, please read the disclaimer. These videos are for educational purposes only. Always make your own trade plan.