The TAOUSDT chart is moving sideways, and the speaker identifies a wave 2 reset. Structural support is noted around $289. The support range is identified between $214.76 and $289.24 within circle wave 2. To maintain a bullish outlook, the $214.70 level must hold. A break above the green line at $375.73 is needed to confirm a low. Fibonacci extensions suggest an ideal low at $271 or even $255 before a larger uptrend begins, with a preference for not forming a double bottom.