bittonsor

🧠 Most folks panic sold $TAO last week. Here’s why that might be a wrong move.
The 7-day chart looks rough — a drop of over 14%. But when you zoom in on the 1-hour frame, a completely different story unfolds. Selling volume has dried up. The RSI indicator has exited the oversold territory. The MACD histogram is shrinking from the negative side, heading towards a potential crossover. This isn’t a confirmed reversal, but it has its fingerprints.
$TAO just shook out the weak hands within a known demand zone between $210 and $220. The Bollinger Bands are tightening. And when this compression breaks out — which it always does — the direction of the breakout will be more important than anything else right now. The overall trend, in light of volume exhaustion and early momentum recovery, leans towards buying.

📐 Setup: $TAO
↗️ Entry point $216 – $220
🛑 Stop loss $204
🎯 First target $232
🎯 Second target $248
⚖️ Risk/reward ratio 1:2.3


#BinanceSquare #bittonsor #CryptoTrading

🗣️ Share your thoughts in the comments:
Do you think TAO will hold above $210 and rise towards $245? Or will another dip towards $175 precede that? Bullish or bearish on Bittensor right now?

⚠️ Disclaimer: This is personal analysis only. Not financial advice. Crypto is high risk. Always do your own research. DYOR.