📊 $TAO is stabilizing near $249: Is it preparing to break its nearby resistances?
TAO is currently trading at $249.1, up slightly by 0.2%, amid attempts to hold above current support levels.
What I’m watching now: the $248.45 zone represents the pivot point. Holding above it keeps the bullish scenario in play, targeting 252.92, then 257.89, then 264.60. On the other hand, any clear break below 243.98 would invalidate this view and bring selling pressure back.
Reason for the outlook: consolidation above $248 reflects buyers defending support areas, which may pave the way for a test of nearby resistance.
In your opinion, will TAO manage to move above 252.92 soon, or will it return to test support? 👇
⚠️ Disclaimer: Not financial advice. Manage your capital carefully; risks are high.
💬 If you found the post useful, I’d appreciate your support by reposting and sharing it with anyone who may be interested in the content 😊
Thank you for your trust and appreciation 💛
#TAOUSDT #Bittensor #BinanceSquare #TAO
TAO is currently trading at $249.1, up slightly by 0.2%, amid attempts to hold above current support levels.
What I’m watching now: the $248.45 zone represents the pivot point. Holding above it keeps the bullish scenario in play, targeting 252.92, then 257.89, then 264.60. On the other hand, any clear break below 243.98 would invalidate this view and bring selling pressure back.
Reason for the outlook: consolidation above $248 reflects buyers defending support areas, which may pave the way for a test of nearby resistance.
In your opinion, will TAO manage to move above 252.92 soon, or will it return to test support? 👇
⚠️ Disclaimer: Not financial advice. Manage your capital carefully; risks are high.
💬 If you found the post useful, I’d appreciate your support by reposting and sharing it with anyone who may be interested in the content 😊
Thank you for your trust and appreciation 💛
#TAOUSDT #Bittensor #BinanceSquare #TAO