$TAO 🚀 STRONG BULLISH MOMENTUM 🚀
⚡ TAO (Bittensor) – Short-Day Trading Strategy
Current Price: $399
24H Volume: $51.98M
Market Profile: High-value AI-focused blockchain project with volatile price swings
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📊 Technical Analysis
🔹 Key Levels
Resistance Zones:
$408 → Minor rejection zone from earlier today
$422 → Swing high (recent weekly top)
Support Levels:
$390 → Psychological level + EMA support
$375 → Range low, potential high-risk bounce zone
🔹 Indicators (1H Timeframe)
RSI: 59 → Mild bullish pressure, room to run
MACD: Bullish crossover; momentum building
EMAs:
Price above EMA 20 & EMA 50 → short-term bullish trend
EMA 200 near $384 → strong dynamic support
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📈 Short-Day Trading Strategy
🔸 Momentum Breakout Strategy
Entry: $408+ (confirmed breakout with volume on 15-min chart)
TP1: $416
TP2: $422
SL: $397
Condition: Volume surge + RSI above 65 confirms momentum
🔸 Support Reversal Strategy
Entry: $390–$392 (retest of hourly support & EMAs)
TP: $405
SL: $386
Note: Use only if BTC/ETH are not breaking down
🔸 Scalp Within Range
Range: $390–$407
Buy near $390 support, sell into $405–$407 zone
Tight SLs: <1.5%, fast execution
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🧠 Market Sentiment
Source Sentiment Insight
Community Buzz 🟢 Bullish AI narratives & tokenomics hype growing
Whale Activity 🟠 Mixed Some accumulation near $390, watch for spikes
🧾 Disclaimer
> This analysis is for educational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile. Always do your own research (DYOR), use proper risk management, and trade only with capital you can afford to lose. Set clear stop-loss levels to manage unexpected price swings.