TAO looks like it's testing strong resistance at $369-$375. I'm planning to short at this level with targets at $340 and $310. Risk management: Stop loss set at $389 for a safe exit if the price moves against the trade.
Technical setup shows a potential down move from this resistance zone. Watching for a drop to $240/$310 in the coming days. Stay cautious and trade safely!
Trade active
TAO Short Position UpdateFrom $379 to $354 – that’s nearly a 7% drop!
If you followed this setup, you should be enjoying the gains!
How are you managing your trades today? Drop your thoughts below!
#Bittensor #TAO
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.