🔥 Why maintain or go LONG, at $TAO (Bittensor)? Realistic analysis of the AI narrative 🚀
The AI sector is leading the narrative in the current market, and Bittensor (TAO) is consolidating as the leading decentralized infrastructure.🤖
📊Technical Analysis:
📈Bullish Structure: $TAO has shown higher lows on the daily chart, suggesting gradual consolidation leading to a next bullish impulse.
🧾Volume: Sustained buying volume is observed, indicating accumulation by "strong hands", not just retail speculation.🛒🤑
🚨Watch Out! Strong narrative: AI is not a passing trend, and Bittensor is building the standard for incentives for machine learning models.
📈Long Strategy📈
📥Entry: Corrections towards the previous support zone.
💰Target (TP): Looking for previous all-time highs or Fibonacci extension levels.
🚨Stop Loss (SL): Mandatory below the consolidation zone, to protect capital if a general pullback occurs.
With this, my dear ones, we can conclude that: TAO offers an interesting risk/reward balance for a bullish swing trade in the medium term, leveraged on the technological trend.
This is not financial advice. We do not suggest exact values; for that, do your own research.
#TAO #bittensor #AI #cryptotrading #longpositions $TAO
