$TAO #TAO 🚀
Direction: LONG
Entry zone: 224.69 to 225.59
Stop loss: 221.76
Target 1: 229.64
Target 2: 233.02
Bittensor is trading near 225.28 dollars, up 2.42 percent in 24 hours, inside a range of 219.81 to 227.34 dollars, and the recent closes show buyers defending the 225 level, 224.95, then 226.08, then 226.45, then 225.82, then 225.14. 🟢 My reading is that TAO is the strongest large cap mover in a fear market, because it gained more than 2 percent while Bitcoin was flat and most coins were red, with 66.8 million dollars of volume behind the move, and that kind of relative strength usually follows through when the market calms down. A long from the current zone, with a stop below 221.76, targets 229.64 first and then 233.02 if momentum holds. A drop below 221.76 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 Bittensor push to 229.64 first, or fall below 221.76? 🤔
Follow for more trades.
#Bittensor #Crypto #FuturesTrading #TradingSignals
Direction: LONG
Entry zone: 224.69 to 225.59
Stop loss: 221.76
Target 1: 229.64
Target 2: 233.02
Bittensor is trading near 225.28 dollars, up 2.42 percent in 24 hours, inside a range of 219.81 to 227.34 dollars, and the recent closes show buyers defending the 225 level, 224.95, then 226.08, then 226.45, then 225.82, then 225.14. 🟢 My reading is that TAO is the strongest large cap mover in a fear market, because it gained more than 2 percent while Bitcoin was flat and most coins were red, with 66.8 million dollars of volume behind the move, and that kind of relative strength usually follows through when the market calms down. A long from the current zone, with a stop below 221.76, targets 229.64 first and then 233.02 if momentum holds. A drop below 221.76 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 Bittensor push to 229.64 first, or fall below 221.76? 🤔
Follow for more trades.
#Bittensor #Crypto #FuturesTrading #TradingSignals
