#TAO Market Analysis
The TAO pair trades at 314.2 on the 8-hour timeframe, pulling back from the high recorded at 320.0 after a massive breakout that began from a nearby demand zone around 220.5, where the price broke through all previous levels since the end of August in one strong bullish impulse.
Bullish scenario: Holding above 300.0 and resuming the uptrend toward new highs that exceed 320.0.
Bearish scenario: Falling again below 280.0, which would push the price back toward the breakout zone near 252.0.
Is this a healthy pullback within the broader trend, or is this move likely to turn into a deeper correction?
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#USDT #BTC #bitcoin #TAO
The TAO pair trades at 314.2 on the 8-hour timeframe, pulling back from the high recorded at 320.0 after a massive breakout that began from a nearby demand zone around 220.5, where the price broke through all previous levels since the end of August in one strong bullish impulse.
Bullish scenario: Holding above 300.0 and resuming the uptrend toward new highs that exceed 320.0.
Bearish scenario: Falling again below 280.0, which would push the price back toward the breakout zone near 252.0.
Is this a healthy pullback within the broader trend, or is this move likely to turn into a deeper correction?
➖➖➖➖➖➖➖
#USDT #BTC #bitcoin #TAO