$TAO – Bullish Stabilization After Sharp Flush

I’m watching this because price dropped hard into the 172–173 zone and immediately rebounded. That kind of fast rejection usually means strong bids sitting there.

Since that bounce, I’m seeing price holding around 176–178 with small candles and repeated attempts to push up. Sellers tried to press it again after the recovery, but they couldn’t extend below the prior low.

This looks like post-drop stabilization.

We had the run into 188, then a liquidation move down, and now rotation mid-range. That sequence often happens when weak hands exit and stronger buyers absorb supply.

As long as price keeps holding above the 172 area, downside pressure stays limited and structure shifts sideways to slightly upward. The market already showed where demand stepped in.

Right now it feels like recovery, not continuation down.

I’m seeing a market that flushed — and found buyers immediately.