#TAO Getting Ready For a Major Bullish Move | Are You Ready?Yello, Paradisers! Will #TAOUSDT Ignite a Bullish Rally or Collapse into a Bearish Trap? Here’s What You Need to Know about the latest setup of #Bittensor:
💎#TAO is currently trading within a Falling Wedge, a classic reversal pattern that often signals a potential breakout. The price is testing critical resistance levels, and what happens next could define #TAO's trajectory for the coming weeks. Notice the recent liquidity sweeps at lower levels, where weak hands were shaken out. This is often a precursor to a significant move. However, without confirmation of a breakout above resistance, patience is key.
💎#TAOUSD must break above the descending resistance near $586.8 for a decisive bullish move. A strong close above this level on the 8H chart could propel the price toward the major supply zone at $680–$720. These levels will be critical for profit-taking or managing risk.
💎On the downside, the current support sits between $369.2 and $288, offering a strong demand area where buyers have consistently stepped in. The Bulls have defended these levels many times and a lot of liquidity rests between these two levels.
💎A candle close below $288 would signal that the bears are firmly in control. This breakdown could open the door to a deeper correction, targeting $200 in extreme bearish scenarios.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
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