BITTENSOR $TAO RECOVERING ABOVE SHORT-TERM MOVING AVERAGES ARE BULLS TARGETING $313.10 NEXT?
Pair: $TAO /USDT
Direction: LONG
Entry Price: 295.80
Target Levels (Take Profit)
TP 1: 302.30 +2.20%
TP 2: 306.60 +3.65%
TP 3: 313.10 +5.85%
Stop Loss
SL: 287.20
Technical Breakdown
TAO ($295.9) executed a clean recovery after absorbing sell pressure during the recent sweep down toward $285.00. Recent green candles have pushed price back above the middle Bollinger Band boundary, locking in a higher-low base structure.
Short-term MA 7 and MA 25 have executed a bullish crossover directly beneath current price candles (~292.00). A high-volume push above the overhead baseline MA 99 (~303.00) will act as the key catalyst to accelerate momentum toward TP3.
RSI (14) has sloped sharply upward toward 58.00, signaling expanding buyer momentum with ample overhead room before overbought conditions set in. The MACD histogram volume has flipped to steady green bars, with signal lines crossing upward below zero and trending higher.
$TAO
Pair: $TAO /USDT
Direction: LONG
Entry Price: 295.80
Target Levels (Take Profit)
TP 1: 302.30 +2.20%
TP 2: 306.60 +3.65%
TP 3: 313.10 +5.85%
Stop Loss
SL: 287.20
Technical Breakdown
TAO ($295.9) executed a clean recovery after absorbing sell pressure during the recent sweep down toward $285.00. Recent green candles have pushed price back above the middle Bollinger Band boundary, locking in a higher-low base structure.
Short-term MA 7 and MA 25 have executed a bullish crossover directly beneath current price candles (~292.00). A high-volume push above the overhead baseline MA 99 (~303.00) will act as the key catalyst to accelerate momentum toward TP3.
RSI (14) has sloped sharply upward toward 58.00, signaling expanding buyer momentum with ample overhead room before overbought conditions set in. The MACD histogram volume has flipped to steady green bars, with signal lines crossing upward below zero and trending higher.
$TAO
