$TAO short-term outlook
The chart isn’t bullish yet.
It isn’t bearish either.
It’s compressing.
Price is trading right on top of the 1h EMA20, while the EMA200 around $222 remains the level that matters.
Compression like this rarely lasts.
My base case is simple.
If buyers can push $TAO above $220 before the weekly close, the market sets up for a challenge of $225–230 early next week.
Lose $210, and the market probably revisits $204 before finding support again.
Right now, there isn’t much edge chasing every candle.
The edge is waiting for compression to resolve.
This weekend could decide the direction of next week’s move.
#AImodel #Bittensor #TAOTrading
The chart isn’t bullish yet.
It isn’t bearish either.
It’s compressing.
Price is trading right on top of the 1h EMA20, while the EMA200 around $222 remains the level that matters.
Compression like this rarely lasts.
My base case is simple.
If buyers can push $TAO above $220 before the weekly close, the market sets up for a challenge of $225–230 early next week.
Lose $210, and the market probably revisits $204 before finding support again.
Right now, there isn’t much edge chasing every candle.
The edge is waiting for compression to resolve.
This weekend could decide the direction of next week’s move.
#AImodel #Bittensor #TAOTrading