_k0rrup7 retweetledi
$TAO
This retest is doing exactly what a healthy breakout should do.
Price is recycling liquidity above the breakout level instead of giving the whole move back, which keeps bulls positioned for another push into the $380 overhead.
As long as that breakout level keeps holding, the chart remains healthy.
The 12EMA (blue) has been the trend support all the way from $180, so if price loses that and the breakout level together, that will be the first sign that the uptrend starts is exhausted.
Ardi@ArdiNSC
$TAO Bang, there’s the move to $365. 🎯 Like a rocket over the last 24 hours. Almost +25% in that period. This was always the first major overhead area of the breakout, so some reaction here would be completely normal. It would actually be cleaner if price did not rip straight through here on the first attempt. The healthier outcome here is holding the prior resistance zone as support, consolidating above it, and building enough liquidity for another push into the overhead. That is how strong breakouts stay strong. Not by going vertical forever, but by proving they can absorb supply without giving back the whole move. Keep on printing. 🤝
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