
You bought the $TAO dip at the 0.618 fib because every chart told you to. That level just broke on the daily, and most holders have not done the math on what that means. The September leg ran from $188 to $340. That was an 81% move. Price now sits near $227. That is 33% off the high, with roughly three quarters of the entire leg already handed back. Here is the map I am working from. Resistance to reclaim: $246 That is the broken 0.618. Bulls need a daily close back above it before anyone calls this a shakeout. Support to defend: $213 That is the September higher low, sitting just above the old August range. Old resistance should now act as support. Invalidation: $188 That is where the whole move started. A daily close below it means the September breakout fully failed. Now the part the candles are hiding. Daily RSI is near 32, right on the edge of oversold. The selloff is also running on noticeably lighter volume than the September breakout did. Sellers are in control, but they are not stampeding. My read is simple. No longs into $246 until it flips back to support, and the $213 to $188 zone is where I want to see buyers return with real volume. Breakouts get bought by the crowd. Retests get bought by the people who planned for them.
