$TAO is bouncing from a major base on 1.5x average volume—but is this the start of a recovery or $TAO — **A STRONG BOUNCE, BUT CONFIRMATION FIRST**

TAO/USDT is around $218.6, up about 3.11% today. It is bouncing from the September base near $217–$218 on above-average volume.

I’m interested—but I won’t call a reversal until price confirms it.

## Key levels

- **Resistance:** $222–$225, then $235–$237
- **Support:** $211, then $200
- **Major invalidation:** daily close below $211

## My plan

**Base-bounce long:**

- Confirmation: bullish reaction candle above $211
- Entry reference: about $219
- Stop-loss reference: $207
- TP1: $237, about 1.5R
- TP2: $249, about 2.5R

**Reclaim long:** wait for a daily close above $237, then a successful retest.
Entry reference: $238.
Stop reference: $226.
TP1: $256, about 1.5R.
TP2: $270, about 2.7R.

## Breakdown scenario

A daily close below $211, followed by a failed retest, cancels the bounce idea.

- Short entry reference: $210.
- Stop reference: $220.
- TP1: $195, about 1.5R.
- TP2: $187, about 2.3R.

## My message

TAO is showing strength at an important base but I want a clean entry, not a chase.

**Status:** conditional plan.

#TAO #Bittensor #SpotTrading #CryptoTrading #BinanceSquare