$TAO/USDT LONG TRADE SIGNAL – BREAKOUT IN PROGRESS
Entry Price: $265 – $270
Target 1: $285
Target 2: $310
Final Target: $350
Stop Loss: $245
Why Long?
Bittensor ($TAO) is showing strong bullish momentum, currently trading around $270.46, up 8.88% in the last 24 hours. The price has broken out from a descending wedge pattern, indicating a potential trend reversal. Technical indicators such as RSI and MACD are turning bullish, supporting the upward movement. If $TAO maintains its pace and breaks above the $270 resistance level with volume, it could reach the outlined targets in the short term.
Risk Management Tip: Once the first target is hit, consider adjusting your stop-loss to secure gains and protect capital.
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