🚀 $TAO /USDT TRADE SIGNAL
🔥 Market: $TAO (Bittensor, a decentralized AI network)
🔑 Key Levels
📌 Trade Setup: LONG
📌 Entry Zone: $254.5 – $257.6
🎯 TP1: $265.5
🎯 TP2: $270.0
🛑 Stop Loss: $254.5 (Below the major support zone/recent swing low)
Click here for Long 👆
💡 Market Outlook: The 15M chart shows $TAO is repeatedly testing a key horizontal support level. A strong bounce from this level is anticipated, suggesting a potential Bullish Reversal or at least a sharp move to the top of the recent range. The $258 level has previously been identified as crucial support, suggesting buyers are defending this area.
⚡ Strategy: Enter near the support zone with a tight stop loss, anticipating a quick move back towards the range high.
📊 Risk Management: Risk 1–2% per trade, book partial profits at TP1, move stop loss to entry once TP1 is hit. Note that TAOis volatile and price action near this critical support can be sharp.