$TAO Is This Consolidation Before the Next Move? 👀
TAO is trading around $275.7 after bouncing from the $271.5 area. But the recovery is still facing resistance.
Here’s what I’m watching:
🟢 Bullish: A strong 15M close above $277.4 with rising volume could improve the setup.
🔴 Bearish: If price loses the $273.5 area, the $271.5 low could come back into focus.
Volume is cooling, and TAO remains below its longer-term moving averages. I’d rather wait for confirmation than guess the next move.
Would you wait for a breakout or watch for another dip?
#TAOUSDT #Bittensor #CryptoAnalysis #priceaction #TradingSetup
TAO is trading around $275.7 after bouncing from the $271.5 area. But the recovery is still facing resistance.
Here’s what I’m watching:
🟢 Bullish: A strong 15M close above $277.4 with rising volume could improve the setup.
🔴 Bearish: If price loses the $273.5 area, the $271.5 low could come back into focus.
Volume is cooling, and TAO remains below its longer-term moving averages. I’d rather wait for confirmation than guess the next move.
Would you wait for a breakout or watch for another dip?
#TAOUSDT #Bittensor #CryptoAnalysis #priceaction #TradingSetup