⚡ $TAO Live Market Analytics — Short Update
TAO (Bittensor) is currently showing mixed momentum on the lower timeframes. After the recent upward push, price action is starting to slow down near a short-term resistance zone. The candles show smaller bodies and increasing wicks, which usually signals that buyers are losing strength.
On the 4H chart, TAO attempted another breakout but failed to hold above resistance. This rejection suggests that sellers are stepping in and the market may enter a brief consolidation phase before the next move.
📊 Key Levels
• Resistance: $350 – $360
• Support: $320 – $310
If the price breaks below $320, we could see a quick liquidity sweep toward the $300 area. However, if bulls regain momentum and push above $360, the trend could continue upward again.
📉 Trading Idea
Short Setup Entry: $348 – $355
Stop Loss: $365
Targets: $330 → $318 → $305
Volume is currently declining during the rise, which often indicates a weak continuation move. Traders should watch for a strong bearish candle confirmation before entering.
⚠️ As always, manage risk and never trade without a stop loss.
Is TAO preparing for a correction or another breakout? 👀
