$TAO (Bittensor) — Strong Comeback Setup 📈🔥
Market Context:
Price is showing a solid reaction from the $247 support zone, where buyers are actively defending structure. Momentum is shifting back upward after a controlled pullback, suggesting accumulation rather than breakdown.
🟢 Trade Bias: LONG (Reversal / Continuation Hybrid)
Entry Zone: 252 – 255
Stop-Loss: 246 (support invalidation)
🎯 Take Profit Targets:
TP1: 262 (first resistance + liquidity pocket)
TP2: 270 (momentum continuation zone)
📊 Price Action Insights:
Strong defense at $247 support
Buyers stepping in with higher-low formation
Recovery structure building after dip
Momentum shifting from sell pressure → accumulation
⚠️ Invalidation:
A clean break and close below 246 would invalidate the bullish structure and open risk for deeper downside continuation.
