Tao's price action on the daily chart is showing some interesting weakness. There's a bearish divergence forming across the 3-day timeframe—RSI readings are pretty stretched upside while the price itself is struggling to convincingly break above the yearly open level.

That yearly open acts as a critical invalidation point for this bearish setup. If we see a clean break above it, the whole narrative shifts.

For now though, the technicals are pointing lower. I'm watching for a test of the $200 region, expecting at minimum a candle close down there. Could get a wick down even deeper depending on how the selling unfolds.

It's one of those setups where the next directional move matters a lot for context—either we confirm the bearish thesis or get invalidated at that open.