It's a long time i am not trading TAO, but i was checking this chart and setup looks good for a scalp long. Actually the price is sitting on H1 support zone, and on smaller timeframe is showing a potential reversal pattern (break of m5 timeframe and bullish divergence). I am targeting local highs and i placed my personal stoploss a bit more aggressive, but placing...
TAO SMASHED through buyside and VIOLATED the hourly imbalance. Where is it going next??
After TAO smashed buyside and violated the hourly imbalance, we must look for our next area of interest.
Looking at the hourly chart, we see that there is a volume imbalance that needs to be rebalanced AND an hourly SIBI that needs to be rebalanced as well!
Looking to...
After the awesome trade on MYRO, i am trying the same setup on TAO. Bullish momentum, i am waiting the price to reach the support zone at 600.9 before placing a long order. Tight stop below support as invalidation, targeting nex resistance area at 658
We made a perfect entry and a perfect exit on TAO. Just touched the tp and then pumped. Unfortunately i hasn't placed a buy limit order, but i am entering long now targeting next resistance at 590, stoploss below liquidity area, let's see if we can ride the wave
Nice play on TAO, it's dropped nicely from our entry. I am fully out from my short entry and i am now waiting to place a long order. It's approaching support and the main trend is bullish, so i just want to see a bullish signal to reverse into a long position targeting new highs
Bittensor is strong, but i will not enter at top. It's dangerous and the fomo is never good. I think we are going to reverse soon, 520 is a strong resistance and reversal zone. If we start to reverse now, a good entry point will be around 390/400, claiming for new highs
KUCOIN:TAOUSDT had an incredible move up last month, nearly 2x from the mid-300s to a high of $480.
We've hit a short term high, and seem to be in a consolidation phase.
How low will this go? Well, if we look at the Fib Retracement levels from the start of this run up to the recent high, we can identify three likely entry points:
$385
$360
$315
If you...
FWB:TAO Tao's Price action retraced from a high of about $380 and is currently Consolidating for it's next move forming a Broadening Wedge!
Current Price: $272
a break below the wedge will find supports 219
Else price action will ascend to resistances: 302, 336, 379 and possible price discovery at 430, 480.
TAOUSDT is on a mini parabolic rally that is headed to Resistance (1) at 75.00.
The break out is a buy entry but can very well give a short term pull back first like in late May.
Trading Plan:
1. Buy if Resistance (1) breaks.
2. Buy any pull back to 60.00 as long as the MA50 (1d) doesn't break.
Targets:
1. 94.00 (Resistance 2 and top of Channel Up).
2. 75.00...
