TAO has been steady within the demand range I am watching. The previous downward trend has been broken, and now the focus is on whether the price can hold the resistance and continue to push upward.
The recent pattern looks good, with no signs of out of control, so the probability of a breakout still exists. As long as TAO does not fall below the bottom support, I tend to believe that this is a normal correction risk in the upward process, rather than a signal of a trend reversal. Whether the price can stabilize at this level will be crucial in the next step.
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TAO has been steady within the demand range I am watching. The previous downward trend has been broken, and now the focus is on whether the price can hold the resistance and continue to push upward.
The recent pattern looks good, with no signs of out of control, so the probability of a breakout still exists. As long as TAO does not fall below the bottom support, I tend to believe that this is a normal correction risk in the upward process, rather than a signal of a trend reversal. Whether the price can stabilize at this level will be crucial in the next step.