đ„ $TAO /USDT â Bulls Defending Support After Sharp Sell-Off âĄđ
$TAO /USDT is showing a potential recovery setup after a heavy rejection from the 277.0 high, with price now stabilizing near the 232â235 support zone where buyers are attempting to regain control. The short-term structure remains under pressure, but the recent consolidation suggests a possible liquidity sweep and accumulation phase before the next major move. A strong reclaim above 242.2 resistance could trigger bullish momentum toward 254.8 and 267.3, while losing the 229.7â232.0 demand area may open the door for further downside. Entry Zone: 233â236 | TP1: 242.2 | TP2: 254.8 | TP3: 267.3 | SL: Below 229.0. Traders should watch volume expansion and confirmation candles â a successful BOS (Break of Structure) could signal that bulls are preparing for a comeback, but rejection from resistance may continue the bearish trend.
#TAO #TAOUSDT #Bittensor #CryptoTrading #BinanceSquare #SmartMoneyConcepts
#TAO
$TAO /USDT is showing a potential recovery setup after a heavy rejection from the 277.0 high, with price now stabilizing near the 232â235 support zone where buyers are attempting to regain control. The short-term structure remains under pressure, but the recent consolidation suggests a possible liquidity sweep and accumulation phase before the next major move. A strong reclaim above 242.2 resistance could trigger bullish momentum toward 254.8 and 267.3, while losing the 229.7â232.0 demand area may open the door for further downside. Entry Zone: 233â236 | TP1: 242.2 | TP2: 254.8 | TP3: 267.3 | SL: Below 229.0. Traders should watch volume expansion and confirmation candles â a successful BOS (Break of Structure) could signal that bulls are preparing for a comeback, but rejection from resistance may continue the bearish trend.
#TAO #TAOUSDT #Bittensor #CryptoTrading #BinanceSquare #SmartMoneyConcepts
#TAO
