$TAO

TAO
TAO
261.4
-5.29%

TAO has dumped 41% since I called its top (check 1st screenshot). I told you that the symmetric triangle support has been tested many times & it'll be broken at the next testing. That's exactly what has happened. Full target of it has been achieved.

TAO is currently inside my white box (check 2nd screenshot) which is meant to be a consolidation phase. Multiple daily candles closing inside this box will create an opportunity for TAO bulls to push the price higher till $450.

But remember that, market is not doing well currently. So, I'm not very optimistic here. I'm expecting TAO to go much much lower prices. I am going in favor of my green box which has a final target of $100. But for that, white box needs to be broken. You can take some risk inside the white box for a scalp trade till the red box with tight sL. Daily candle closing below $175.9 & immediately get out of it.

Liquidation Heatmap (check 3rd screenshot) is showing that there's much liquidity above $200 which is my red box zone. So, RR-wise, taking risk here is worthy.

#TAO #AI #bittensor