The analysis focuses on TAOUSDT, suggesting a potential 1-2 setup is forming. Key support is identified at $284.70, the 78.6% retracement level of the last rally and potential trigger for invalidation. Formal invalidation point marked at $244.79 with a red line. Break above $417 could confirm the bottom. Analyst highlights the market being stuck in a range and points a textbook flat correction ABC pattern. A five-wave move up is needed before breakout, expecting to hold above $284.70. Analyst sees the need for five waves up in wave one, and then a wave-two pullback, at this point he expect a breakout.