๐ฅ $TAO โ Bulls Still in Control, But Play It Smart ๐ฅ
$TAO isnโt breaking down โ itโs cooling off inside a healthy uptrend. A classic bullish consolidation ๐
๐ Pullback = low volume (last 4โ5 hourly candles). Sellers arenโt aggressive.
๐ Rally told the real story โ that 117K volume spike showed strong bull conviction.
๐ฐ Capital flow check:
โข Spot inflows (5mโ4h): Quiet accumulation โ
โข Contracts (6Hโ7D): Big outflows โ leverage getting flushed (often bullish)
โข Recent 30mโ1H contract inflows (+$1.3M): Longs slowly stepping back in
๐ฏ Game plan (no FOMO):
โข Long zone: 281.55 โ 283.00 (Support + MA20)
โข Donโt chase above: 290
โข Stop-loss: ~3% below entry (โ273) โ below key support
โข Targets:
TP1: 291.50
TP2: 294.61 (24h high)
๐ Current: TAOUSDT Perp ~291 (+3.8%)
๐ Verdict: Iโm cautiously bullish โ holding or looking to buy dips, not tops.
If support holds, this thing has another leg in it. ๐
#TAO #TAOUSDT #Bittensor #CryptoTra ding