Trading strategy for $TAO (Bittensor) with approximate entry points, TP and SL levels until the end of January.
Key levels (TAO ≈ ~280-310💲)
Supports (Support)
S1: ~278-279💲- nearest weak support.
S2: ~270-271💲- medium support.
S3: ~263-265💲- more significant support.
Resistances (Resistance)
R1: ~294-295💲- nearest resistance level.
R2: ~301-302💲 - medium level.
R3: ~309-310💲 - higher level.
Strategy - ultra-short (until the end of January)
Entry
Conservative: around 270-278💲 - from the support zone.
More aggressively: around 263-270💲 - upon testing deeper support.
Take Profit: profit targets
TP1: 294-295💲 - nearest resistance level.
TP2: 301-302💲 - for broader profit-taking.
TP3 (aggressive): 309-310💲 - higher resistance level.
Stop-Loss:
SL base: below 263💲 - upon break of key support.
SL aggressive: around 268💲 - for narrower risk.
Risk comments
The current TAO market remains volatile, and RSI may indicate overbought/neutral conditions on short-term timeframes, making movements unpredictable.
Even with positive impulses, the price may consolidate in a broad range, so it's important to manage risk and take profit at key resistance levels.
Short-term scenarios until the end of January are often successful with clear stop-losses, considering rapid fluctuations.
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