🚨 $TAO / $USDT Technical Analysis & Trade Setup 🚨
The AI narrative is still incredibly strong, and Bittensor ($TAO) is showing massive potential on the 1-Hour chart right now! Let’s break down the technicals.
🟢 BUY
Here is the strategic game plan for $TAO:
Entry Zone: $195.00 - $198.50 (Current consolidation area)
DCA Zone: $187.00 - $190.00 (If we get a deeper pullback to test the MA(99) support)
Take Profit (TP) Targets:
TP 1: $210.00 (Testing the recent local high)
TP 2: $225.00 (Psychological resistance & breakout confirmation)
TP 3: $250.00+ (Mid-term swing target, let the runners run!)
🛑 Stop Loss (SL): $170.00 (We place this just below the recent macro swing low of $172.5 to invalidate the current uptrend structure. Always protect your capital!)
WHY?
Healthy Consolidation: After a beautiful bounce from the $172 bottom, $TAO rallied hard to nearly $210. What we are seeing right now at ~$198 is a very healthy, textbook consolidation. The asset is taking a breather, allowing RSI to cool off before the next leg up.
Moving Averages: While we are hovering just below the ultra-short-term MAs, the price remains safely above the crucial MA(99) line sitting at $187.6. This acts as a strong dynamic support floor.
Order Book Structure: Looking at the order book, buy walls are thick in the $195-$197 region, indicating strong buyer interest catching these minor dips.
Market Structure: We are clearly printing higher lows. As long as we hold above that $187-$190 zone, the bullish market structure remains entirely intact.
Patience pays in crypto. Scale in, stick to your levels, and let the AI narrative do the heavy lifting!
👇 Are you accumulating $TAO here? Let me know below! 👇
Disclaimer: This is for educational purposes only and is Not Financial Advice (NFA). Always Do Your Own Research (DYOR) and use strict risk management.
