🔥 $TAO — Bullish Consolidation Underway
📊 Price is correcting but still holding the uptrend $RIVER
On the 1H timeframe, I’m leaning cautious long, especially on dips to support 👀 $SOL
📉 Volume Insights: #BTC
• Pullback from ~294.61 shows lower selling pressure
• Earlier rally with 117K volume proves bulls are committed
💸 Capital Flows:
• Spot inflows (5m–4H) = underlying buying
• Contract outflows over 6H–7D (-3.66M to -47M) suggest leverage unwinding while spot accumulates — often a bullish signal
• Short-term contract inflows (~1.3M) show longs creeping back in
🎯 Trade Plan (Longs $TAO):
• Entry: 281.55–283.00 (Support + MA20 zone)
• ⚠️ Avoid chasing above 290
• 🛑 Stop-loss: ~3% below entry (~273.0)
• Targets: TP1 = 291.50 | TP2 = 294.61 (24H high)
🧠 Takeaway: Patience is key — let the setup come to you and respect your zones