At the current stage, the Bittensor (TAO) asset is showing increased volatility near the psychological mark of $250. After a local maximum, the price faced selling pressure, which formed clear technical zones for decision-making.
1. Entry Point (Buy Zone)
Currently, the price shows signs of being oversold, but entering "at market" is risky. Optimal scenarios:
Conservative entry: Wait for price fixation above the level of $242.0 - $243.0 after the appearance of the first "green" candle on the hourly timeframe. This will confirm that the SuperTrend line has withstood the pressure.
Aggressive entry: Buy from the support level of $239.6 (previous minimum), counting on a technical rebound due to the low RSI (24.7).
2. Exit point and Take Profit
The main barrier to growth remains the zone where buyers lost strength:
First target (T1): $248.5 — the level of the last local peak before the decline.
Second target (T2): $250.0 — strong psychological resistance. It is recommended to fix 70-80% of the position right here, as the chart shows difficulties in breaking through this zone.
3. Capital protection (Stop Loss)
Considering the dynamics of the decline, a stop-loss is mandatory to limit losses:
Stop Loss level: Closing of the hourly candle below $239.0. Breaking through this mark will mean the breaking of the local bullish trend and a possible decline to $230. $TAO
