Deeply trapped or golden pit? After TAO plummeted 20%, veterans unveil the perfect bottom-fishing strategy in the halving market!
Brothers, TAO is now standing on the volcano's edge! The latest price is $251, but don’t be fooled by this number—it just fell from a high of $314, with 9 consecutive red candles, and the rebound is as soft as cotton candy! From a technical perspective, the MACD bars have shrunk to tiny points, the bulls are quickly losing strength, and the RSI is still stuck above 70, with overbought signals flashing red, ready to crash at any moment!
But don’t panic! On December 14th, TAO is about to make a big move—its first halving! The daily issuance will be cut from 7,200 coins to 3,600 coins, maximizing scarcity! This operation is just like Bitcoin; the less available, the more valuable. Its current market cap is 6.1 billion, with a circulation rate of 49%, ranking 30th, a solid leader in the AI race!
I’m banging the table saying: bearish in the short term! Why? The price is in a descending channel, trading volume is shrinking, and the rebound lacks strength, plus the RSI is overbought, so short-term we need to guard against a retracement to the $230 support level. But bullish in the long term! The halving effect combined with the expansion of the subnet ecosystem may push TAO to $300! Remember, this wave is a classic script of 'short-term bearish, long-term bullish,' don’t be scared by short-term fluctuations, hold onto your chips and wait for the wind to come!
But for the specific timing and price points, I will share in the village—follow Shen Wansan, and I’ll share half of my profits with you! Shen Wansan will be ambushing for 10x returns every day! Come to the village and take it away!
