The whales are quietly absorbing the selling pressure on ($TAO) while retail is distracted by the recent volatility. This 1-hour chart shows a definitive change in character—smart money is stepping in.
TAOUSDT
Perp
317.25
-0.41%
$TAO – LONG 🚀
🎯 Trade Plan:
Entry: $318.50 – $322.50
SL: $308.00
TP1: $330.00
TP2: $342.00
TP3: $355.00+
🔥 Why this setup?
Market Structure: Price is forming a solid base after a deep correction, currently testing the SuperTrend resistance at $330.91 for a major trend flip.
RSI / Momentum: RSI(6) is trending upward at 60.87, confirming that bullish momentum is accelerating without being overbought.
Liquidity: Strong volume absorption at the $309.45 low; a successful breakout here targets the previous 24h high liquidity at $326.99.
The Debate:
Is this the bottom for Bittensor, or are we just seeing a relief bounce before another leg down? 🧐
Watching this closely 👇
#TAO #Bittensor #cryptotrading #TradingSignals
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