TAO's recent trend is indeed not very optimistic. After a clear descending triangle convergence, although there have been several rebound attempts intermittently, they all lack sustained strength. The key support level is near the lower band of the Bollinger Bands, and no clear support has been found yet. From a technical perspective, the overall downward momentum remains strong, and the probability of continuing to decline is quite high.
What is even more concerning is market sentiment. The panic atmosphere is clearly spreading, and many people are already planning to exit. At such times, rational judgment is even more necessary—whether it is a trap or a genuine trend reversal needs to be closely monitored at subsequent key levels. For holders, it is best to have a stop-loss plan prepared in advance.
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UnluckyMiner
· 2h ago
It dropped again, and I can barely recover the cost of my mining rig.
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Token_Sherpa
· 2h ago
ngl the "panic = opportunity" crowd always emerges at exactly the wrong times. tao's velocity metrics weren't sustainable to begin with—this isn't some random chart dump, it's tokenomics catching up to reality.
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LiquiditySurfer
· 2h ago
If the lower Bollinger Band isn't held, this wave might really surge into deeper waters.
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Panic selling is the easiest time to cut losses. I never make decisions at this point.
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I've seen too many breakdowns of descending triangles; either it's a trap or it really collapses. Anyway, my LP returns can still carry.
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Stop-loss? Uh... I usually only set entry points, not exit points, unless the capital efficiency completely collapses.
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Watching others liquidate their positions, I actually feel a bit excited. The most optimal strategy often appears in such times.
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This rhythm is indeed a bit like the "Weak Rebound Trap" in market-making principles. The surfing entry point hasn't arrived yet.
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To be rational during emotional trading? Then you need to have spare funds. Those without spare funds can only follow the trend and cut.
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Not holding the support level isn't really a big deal. The key is whether there's abnormal on-chain activity, which can tell us more.
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MEVEye
· 2h ago
Is it dropping again? The lower Bollinger Band can't even hold, this time it's serious
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Rebounds are all just paper tigers, no excitement
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More and more people are exiting, I'm also considering
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Stop-loss early, don't wait until liquidation to regret
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Is this wave really a trap? It doesn't feel like it
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Is it panic selling? Should we buy the dip, everyone?
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I think tao is bearish, the trend has already reversed
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Support levels have been broken, where's the next bottom?
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Brothers holding positions, keep going, hope for a rebound
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The technicals are so weak, it indicates funds are fleeing
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GateUser-2fce706c
· 2h ago
When others are fearful, I am greedy. This pullback is the best opportunity to buy in. I've said it before.
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BlockchainTalker
· 2h ago
actually, the descending triangle thing is textbook capitulation setup ngl. bear traps hit different when sentiment's this fried.
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ForkLibertarian
· 2h ago
Another technical analysis to cut the leeks? Bollinger Bands lower band, descending triangle, I'm tired of hearing these words, always saying the same thing
The ones who can really make money never tell you in advance where to set the stop loss
Panic spreading? That’s actually a buying opportunity, only the cowardly run away
Wait, your analysis looks quite detailed... but I just don’t believe it
The lack of rebound strength, you said the same two weeks ago, and then it rebounded again, your charts are lying
All the holders have run away? Then who is buying? I don’t get it
Is this round of decline a shakeout or a real bear market? We’ll find out soon, why panic now
Oh my, another article titled "May continue to fall," who doesn’t know how to say such reassuring words
If you can’t hold on, then you just can’t hold on, anyway those who should cut losses already did
No matter how strong the technicals are, they can’t beat a big player dumping the market, talking about these now feels a bit pointless
TAO's recent trend is indeed not very optimistic. After a clear descending triangle convergence, although there have been several rebound attempts intermittently, they all lack sustained strength. The key support level is near the lower band of the Bollinger Bands, and no clear support has been found yet. From a technical perspective, the overall downward momentum remains strong, and the probability of continuing to decline is quite high.
What is even more concerning is market sentiment. The panic atmosphere is clearly spreading, and many people are already planning to exit. At such times, rational judgment is even more necessary—whether it is a trap or a genuine trend reversal needs to be closely monitored at subsequent key levels. For holders, it is best to have a stop-loss plan prepared in advance.