$TAO #TAO 📉
Direction: SHORT
Entry zone: 219.55 to 220.43
Stop loss: 223.29
Target 1: 215.59
Target 2: 212.29
Bittensor is trading near 219.99 dollars, down 7.00 percent in 24 hours, inside a range of 212.43 to 236.88 dollars, and the recent closes show a slow grind higher from the lows, 218.77, then 218.81, then 218.43, then 219.65, then 220.51. 🔴 My reading is that TAO is trying to bounce off its range low, but every close is still stuck under 221 dollars while Bitcoin sits at its lows, and a bounce that cannot clear the middle of the range usually rolls over. A short from the current zone, with a stop above 223.29, targets 215.59 first and then 212.29 if sellers push back toward the range low. A rise above 223.29 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does TAO fall to 215.59 first, or rise above 223.29? 🤔
Follow for more trades.
#Bittensor #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 219.55 to 220.43
Stop loss: 223.29
Target 1: 215.59
Target 2: 212.29
Bittensor is trading near 219.99 dollars, down 7.00 percent in 24 hours, inside a range of 212.43 to 236.88 dollars, and the recent closes show a slow grind higher from the lows, 218.77, then 218.81, then 218.43, then 219.65, then 220.51. 🔴 My reading is that TAO is trying to bounce off its range low, but every close is still stuck under 221 dollars while Bitcoin sits at its lows, and a bounce that cannot clear the middle of the range usually rolls over. A short from the current zone, with a stop above 223.29, targets 215.59 first and then 212.29 if sellers push back toward the range low. A rise above 223.29 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does TAO fall to 215.59 first, or rise above 223.29? 🤔
Follow for more trades.
#Bittensor #Crypto #FuturesTrading #TradingSignals
