The current round of TAO has actually completed a full cycle. It started with a rapid rise driven by sentiment, followed by distribution at high levels, then entered a more rhythmic decline. The subsequent rebound only stopped near the downward pressure, and the pullback itself was part of the script.

Now, this position is neither good nor bad. Ideally, it would slowly form a bottom here; a less ideal scenario is to continue downward along the original trend. Anyway, it's not something that can be figured out in a day or two.
So at this stage, the price is less important, and time is more critical. I'm not in a hurry to bet on TAO's rebound, but rather to see if it can truly settle down and produce some substantial results, instead of reacting passively every time the market moves.
My estimated entry price for dollar-cost averaging is around 150, which should present an opportunity. #加密市场观察