$TAO expectations were already low
Like I said before, dipping below $350 only reinforces it. The breakout played out, we even got a HH, but price couldn’t even tap the 0.786 fib before getting sold off.
A halving isn’t automatically bullish. It’s a narrative people love to sell. Look at ZEC, rallies happen when smart money steps in, not when apes chant “halving”. You want hated rallies, not an optimistic TL.
TAO is overcrowded with the lowest-IQ apes in the space right now, and the chart reflects exactly that. I'll decide what to do once back from Rome.
Already lowered my expectations for $TAO short-term, now potential breakdown delaying any rally and lower the halving pump narrative.
This is no ZEC like I've said (pre halving pump but privacy meta was the real catalyst and 9 shillers) and also no Momentum hated ape free rally on launch.
TAO has all apes on board. This range been shilled for months, overcrowded, heavy.
PA wise still inside Cloud but below Tenkan and Kijun sen, we don't want to see $350 level break. If so check the $TAO/BTC pair projection. Actually lower till Dec and potential early next year.
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