Alright traders, let's dissect $TAO ($TAO/USDT | #Bittensor) on the Daily timeframe.
Current price: $345 Market Cap: $2.84B. Notice that 24h change: a solid +4.88%. Momentum is building.
Strategic Analysis: $TAO is showing signs of strategic resurgence on the daily chart. We're seeing momentum pick up after a calculated retrace to a key support zone around $344. This isn't just random noise; it's a potential setup for those with a mid to long-term strategic vision. The chart is hinting at a possible shift in momentum, creating an interesting entry point for the strategically minded.
Price Targets - Strategic Objectives: Looking ahead, if bullish momentum sustains – and that's the key condition – we could see TAO/USD strategically targeting that $450 resistance level once again, with a potential push towards $500 as the next objective.
On the downside, that $280 zone is now established as a firm strategic support level – a key area to watch for risk management.
This isn't about chasing pumps; it's about recognizing strategic setups and potential momentum shifts.
Keep $TAO on your radar, traders. Adapt your strategy, and watch how this unfolds.
#TAO #crypto #trading #strategy #Cryptolinhio