$TAO/USD - 4H

TAO had a clean run from the $160s all the way to $379 in less than 2 weeks.
That was the easy money. Now it's giving back.
Price is sitting at $304 right now, grinding below that $305–$310 range that used to be support on the way up.
- 200 EMA is way down at $265 and still rising.
- That whole $220–$250 zone is a massive demand block from the original breakout.
If this thing loses $290 with conviction, I'm watching $265 next - a clean retest of the 200 EMA.
$379 is the obvious resistance. Not touching that until structure repairs itself on the lower timeframes.
Bias: ranging to slightly bearish short term. Bigger picture still bullish above $250.