🔥 $TAO — DESCENDING TRIANGLE OR BULLISH INVALIDATION?
A lot of traders are watching TAO’s descending triangle.
Yes, the pattern is traditionally bearish — but the setup changes if support continues to hold.
📌 Key confirmation:
• Support holds on repeated tests
• Volume strengthens on rebounds
• Price breaks above the descending trendline
• Breakout holds on a retest
If those conditions align, the bearish triangle could be invalidated and a larger upside move may develop.
🎯 $1,500+ is a bullish cycle target, not a certainty.
👀 $TAO traders: Are you watching for a trendline breakout or another rejection?
#TAO #Bittensor #Crypto #Altcoins
A lot of traders are watching TAO’s descending triangle.
Yes, the pattern is traditionally bearish — but the setup changes if support continues to hold.
📌 Key confirmation:
• Support holds on repeated tests
• Volume strengthens on rebounds
• Price breaks above the descending trendline
• Breakout holds on a retest
If those conditions align, the bearish triangle could be invalidated and a larger upside move may develop.
🎯 $1,500+ is a bullish cycle target, not a certainty.
👀 $TAO traders: Are you watching for a trendline breakout or another rejection?
#TAO #Bittensor #Crypto #Altcoins