TAO is pulling back – is this a discount or a trap?
After running to $330, TAO has cooled to $271 (-16%). The 4h chart shows a clean retest of the EMA(50) support zone.
What I'm seeing:
- Price bounced off $267 support twice in the last 24h.
- RSI at 40 – neutral, no longer overbought.
- Volume is cooling – sellers are exhausted.
My setup (dip buy):
Entry: $271 - $273
Stop: $265 (below the recent low)
Targets: $285 / $300
R:R ~ 1:2
Logic: Higher lows on the 4h + support hold. If $265 breaks, I'm out.
Probability: Medium-High – uptrend still intact. This is a healthy retrace.
I'm scaling in here with a tight stop. Let's see if TAO reclaims $280.
#TAO #USDT #Bittensor #DipBuy #Crypto
TAO
250.3
-0.71%