$TAO 🔥 BULLISH MOMENTUM 🔥

Token: TAO (Bittensor)

Current Price: $372.80 USDT

24h Volume: $25.87 million

Market Sentiment: Volatile but gaining strength

Strategy Type: Fibonacci-based Pullback + Breakout

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📐 Fibonacci Retracement Setup

Assumed recent swing:

Swing Low: 320 USDT

Swing High: 395 USDT

Current Price: Near 38.2% retracement

Fibonacci Level Support/Resistance (USDT)

23.6% 377.68

38.2% 363.86 ✅ (Current Zone)

50.0% 357.50

61.8% 351.13

78.6% 342.42

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✅ Strategy A: Fibonacci Pullback Buy

📥 Entry Zone:

Between $357.5 – $364 USDT

🎯 Targets (Fibonacci Extensions):

T1: 395 USDT (Previous High)

T2: 410 USDT (1.272 Extension)

T3: 425 USDT (1.618 Extension)

🛑 Stop-Loss:

Below $348 USDT (below 61.8%)

Pro Tips:

Confirm signals with RSI > 50 and MACD crossover.

Monitor volume closely: rising volume = strong breakout confirmation.

For swing trades, scale out at each extension level.

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